Question

Match List-I with List-II:

List-I	List-II
(A) Consumer equilibrium	(I) MRS = Ratio of prices
(B) Necessity goods	(II) Unit elastic demand
(C) Total expenditure decreases with increase in price of the good	(III) Inelastic demand
(D) Rectangular hyperbola demand curve	(IV) Elastic demand

Choose the correct answer from the options given below :

• A. (A)-(I), (B)-(III), (C)-(IV), (D)-(II)
• B. (A)-(II), (B)-(III), (C)-(I), (D)-(IV)
• C. (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
• D. (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Answer 1

The Correct Option is B

The correct match is based on terms like consumer equilibrium and elastic/inelastic demand.