Economics · Microeconomics
Match List-I with List-II based on consumer behavior and elasticities: List - I A. Income elasticity greater than one B. Positive cross price elasticity C. Downward sloping price consumption curve (PCC) for X D. Negative income effect List - II I. Substitute goods II. Inferior goods III. Luxury goods IV. Relatively elastic demand for X Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-III, B-I, C-IV, D-II✓
- 2A-IV, B-II, C-III, D-I
- 3A-III, B-II, C-I, D-IV
- 4A-IV, B-II, C-I, D-III
Correct answer
A-III, B-I, C-IV, D-II
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