Match List - I with List - II.
|
List I (Types of Effect) |
List II (Description) |
||
|
A. |
Veblen effect |
I. |
Conspicuous consumption |
|
B. |
Snob effect |
II. |
Reduction in relative price of commodity |
|
C. |
Bandwagon effect |
III. |
Negative network externality |
|
D. |
Substitution effect |
IV. |
Positive network externality |
Choose the correct answer from the options given below :
1
A - I, B - II, C - III, D - IV
2
A - IV, B - III, C - II, D - I
3
A - II, B - III, C - IV, D - I
4
A - I, B - III, C - IV, D - II