Match the following: X. Fall in quantity demanded of a commodity with increase in income (i) Complementary goods Y. A rise in quantity demanded of a commodity due to a fall in its price (ii) Decrease in demand Z. A fall
CS CSEET · Business Economics & Fundamentals of Accounting and Auditing · PYQS · June 2013
Match the following: X. Fall in quantity demanded of a commodity with increase in income (i) Complementary goods Y. A rise in quantity demanded of a commodity due to a fall in its price (ii) Decrease in demand Z. A fall in quantity demanded of a commodity due to a fall in the price of substitute good (iii) Expansion in demand W. If price of diesel falls, demand for diesel-run cars will increase (iv) Inferior good The correct option is -
Answer & Explanation:
Correct Answer: Option (A)
Correct answer: (A) X(iv); Y(iii); Z(ii); W(i).
Topics: Business Economics
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