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Question
Match the statements given under A with the correct options given under B.
| (A) | (B) |
|---|---|
| (i) Normal Good | a. Relationship between demand of given commodity and prices of related goods |
| (ii) Decrease in Demand | b. Decrease in Quantity Demanded |
| (iii) Substitute Goods | c. Demand increases with increase in income |
| (iv) Cross Demand | d. Leftward shift in the demand curve |
| (v) Contraction in Demand | e. Competitive Demand |
Match the Columns
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Solution
| (A) | (B) |
|---|---|
| (i) Normal Good | c. Demand increases with increase in income |
| (ii) Decrease in Demand | d. Leftward shift in the demand curve |
| (iii) Substitute Goods | e. Competitive Demand |
| (iv) Cross Demand | a. Relationship between demand of given commodity and prices of related goods |
| (v) Contraction in Demand | b. Decrease in Quantity Demanded |
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