Match List I with List II
|
List I |
List II |
||
|
Nature of commodities |
Income Elasticities of Demand |
||
|
A. |
Normal goods |
I. |
Greater than one |
|
B. |
Inferior goods |
II. |
Between zero and one |
|
C. |
Luxurious commodities |
III. |
Greater than zero (positive) |
|
D. |
Necessities |
IV. |
Less than zero (negative) |
1
A ‐ lll, B ‐ l, C ‐ lV, D ‐ ll
2
A ‐ ll, B ‐ lV, C ‐ l, D ‐ lll
3
A ‐ lll, B ‐ lV, C ‐ l, D ‐ ll
4
A ‐ ll, B ‐ lV, C ‐ lll, D ‐ l