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Question
Match the following and select the correct option.
| Column I | Column II |
| (i) Expansion of supply | (A) Prices are expected to fall in future |
| (ii) Decrease in supply | (B) Fall in prices |
| (iii) Contraction of supply | (C) Prices are expected to rise in future |
| (iv) Increase in supply | (D) Rise in prices |
Options
(i) C, (ii) A, (iii) D, (iv) B
(i) D, (ii) A, (iii) B, (iv) C
(i) B, (ii) A, (iii) D, (iv) C
(i) D, (ii) C, (iii) B, (iv) A
Solution
(i) D, (ii) C, (iii) B, (iv) A
Explanation:
| Column I | Column II |
| (i) Expansion of supply | (D) Rise in prices |
| (ii) Decrease in supply | (C) Prices are expected to rise in future |
| (iii) Contraction of supply | (B) Fall in prices |
| (iv) Increase in supply | (A) Prices are expected to fall in future |
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