Question

Match the following:

Column I	Column II
A. Extension of demand.	(i) A larger quantity is demanded at the same price.
B. Contraction of demand.	(ii) A smaller quantity is demanded at the same price.
C. Increase in demand.	(iii) Fall in quantity demanded due to the rise in its price.
D. Decrease in demand	(iv) Rise in the quantity demanded of a commodity as a result of fall in the price.

Options

• A. (i), B. (iv), C. (ii)

• A. (iv), B. (iii) C. (ii), D. (v)

• A (iv), B. (iii), C. (i) D. (ii)

• A. (iv), B. (ii), C. (iii), D. (ii)

Answer 1

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

Explanation:

Column I	Column II
A. Extension of demand.	(iv) Rise in the quantity demanded of a commodity as a result of fall in the price.
B. Contraction of demand.	(iii) Fall in quantity demanded due to the rise in its price.
C. Increase in demand.	(i) A larger quantity is demanded at the same price.
D. Decrease in demand	(ii) A smaller quantity is demanded at the same price.