Question

From the set of statements given in Column I and Column II, choose the correct pair of statements:

Options

• Column I	Column II
  (a) Substitute Goods	(i) An increase in price of substitute leads to a decrease in the demand for given commodity

• Column I	Column II
  (b) Complementary Goods	(ii) An increase in price of complementary good leads to an Increase in the demand for given commodity

• Column I	Column II
  (c) Normal Goods	(iii) Goods whose demand does not change with an increase in income

• Column I	Column II
  (d) Inferior Goods	(iv) Goods whose demand decreases with an increase in income

Answer 1

Column I	Column II
(d) Inferior Goods	(iv) Goods whose demand decreases with an increase in income