Question

Match the following and select the correct option.

Column I	Column II
(i) Expansion of supply	(A) Prices are expected to fall in future
(ii) Decrease in supply	(B) Fall in prices
(iii) Contraction of supply	(C) Prices are expected to rise in future
(iv) Increase in supply	(D) Rise in prices

Options

• (i) C, (ii) A, (iii) D, (iv) B

• (i) D, (ii) A, (iii) B, (iv) C

• (i) B, (ii) A, (iii) D, (iv) C

• (i) D, (ii) C, (iii) B, (iv) A

Answer 1

(i) D, (ii) C, (iii) B, (iv) A

Explanation:

Column I	Column II
(i) Expansion of supply	(D) Rise in prices
(ii) Decrease in supply	(C) Prices are expected to rise in future
(iii) Contraction of supply	(B) Fall in prices
(iv) Increase in supply	(A) Prices are expected to fall in future