Match the items of the List-I with those of the List-II and indicate the correct answer.
| List-I | List-II |
| a. Positive income elasticity | 1. Substitute goods |
| b. Negative income elasticity | 2. Complementary goods |
| c. Positive cross elasticity | 3. Inferior goods |
| d. Negative cross elasticity | 4. Superior goods |
A. a-2, b-1, c-4, d-3
B. a-1, b-2, c-3, d-4
C. a-4, b-3, c-1, d-2
D. a-1, b-4, c-2, d-3
Answer: Option C
This Question Belongs to Management >> Managerial Economics
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