Economics · Microeconomics
Match List I with List II: List I: a. Bandwagon Effect b. Income Effect c. Veblen Effect d. Substitution Effect List II: 1. Change in consumption resulting from a change in real purchasing power due to a price change 2. Conspicuous consumption driven by high prices 3. Change in consumption resulting from a change in relative price independent of real income 4. Demanding a commodity because other people are purchasing it
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1a-3, b-1, c-2, d-4
- 2a-3, b-4, c-2, d-1
- 3a-4, b-1, c-2, d-3✓
- 4a-1, b-3, c-4, d-2
Correct answer
a-4, b-1, c-2, d-3
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Microeconomics MCQs →Want more practice questions on Microeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Microeconomics