Question

Identify the correct pair of items from the following Columns I and II:

Column I	Column II
(1) Utility	(a) Bread and butter
(2) Normal Goods	(b) Rise in price
(3) Contraction in demand	(c) Capacity of a commodity to satisfy human wants.
(4) Complementary goods	(d) Positively related

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

4 - (d)

Explanation:

Utility: Capacity of a commodity to satisfy human wants.

Normal Goods: When prices go up, demand goes down.

Contraction in Demand: Rise in Price.

Complementary Goods: Positively related.