A local cinema notices that when ticket prices are reduced from ₹150 to ₹100, more people attend the movies, increasing the number of tickets sold. Which economic concept is directly illustrated by this scenario?

Match the types of demand in LIST-I with their corresponding definitions and examples in LIST-II: LIST-I A. Joint Demand B. Composite Demand C. Derived Demand D. Cross Demand LIST-II I. Arises when the demand for one product depends on the demand for another (e.g., steel for automobiles) II. Refers to the change in demand for one good in response to a price change of a related good III. Simultaneous demand for complementary goods used together (e.g., cars and petrol) IV. Occurs when a single good serves multiple uses (e.g., electricity) Choose the correct answer from the options given below:

Regarding the various phenomena that serve as exceptions to the Law of Demand, consider the following statements: A. Veblen goods are status symbols where a higher price acts as a signal of quality or exclusivity, leading to increased demand. B. The Giffen effect involves high-quality luxury items where a price increase leads to a significant increase in demand. C. The Snob effect is driven by the consumer's desire for rarity, where satisfaction is derived from owning items that few others possess. D. The Bandwagon effect describes a scenario where the popularity of a product influences individual consumer choices to create a sense of conformity. Choose the most appropriate answer from the options given below: