Match List-I and List-II
|
List I |
List II |
||
|
a. |
Cross-price effect |
i. |
Increase in the price of good 1 increases the quantity of good 2 |
|
b. |
Substitute goods |
ii. |
Price effect is positive |
|
c. |
Inferior goods |
iii. |
demand of a particular product is affected by the price of another product. |
|
d. |
Giffen goods |
iv. |
Income effect is negative |
Choose the correct code:
1
a - iii, b - i, c - ii, d - iv
2
a - ii, b - i, c - iv, d - iii
3
a - ii, b - iv, c - i, d - iii
4
a - iii, b - i, c - iv, d - ii