Match List - I with List - II.

List - I

Term

List - II

Meaning

A.

Income effect

I.

A table showing the different total quantities of a good that consumers are willing and able to buy at various prices over a given period of time.

B.

Substitution effect

II.

A table showing the different quantities of a good that a person is willing and able to buy at a given period of time.

C.

Demand Schedule for

III.

The effect of a changes in price on quantity demanded an individual arising from the consumer switching to or from alternative products.

D.

Market demand schedule

IV.

The effect of change in price on quantity demanded arising from the consumer becoming better or worse off as a result of price change.

Choose the correct answer from the options given below:

Question

List - I Term		List - II Meaning
A.	Income effect	I.	A table showing the different total quantities of a good that consumers are willing and able to buy at various prices over a given period of time.
B.	Substitution effect	II.	A table showing the different quantities of a good that a person is willing and able to buy at a given period of time.
C.	Demand Schedule for	III.	The effect of a changes in price on quantity demanded an individual arising from the consumer switching to or from alternative products.
D.	Market demand schedule	IV.	The effect of change in price on quantity demanded arising from the consumer becoming better or worse off as a result of price change.