Match List I with List II.
|
LIST I Nature of Goods |
LIST II Demand Elasticities |
||
|
(A) |
Inferior goods |
I. |
Positive cross price elasticity of demand (EXY > 0) |
|
(B) |
Substitute goods |
II. |
Greater than unitary income elasticity of demand. (EI > 1 |
|
(C) |
Complementary goods |
III. |
Negative income elasticity of demand (EI < 0) |
|
(D) |
Luxury goods |
IV. |
Negative cross price elasticity of demands, (EXY < 0) |
Choose the correct answer from the options given below:
1
A - III, B - IV, C - II, D - I
2
A - III, B - I, C - IV, D - II
3
A - II, B - I, C - III, D - IV
4
A - IV, B - III, C - I, D - II