Question

Match the following:
\[ \begin{array}{ll} \textbf{List-I} & \textbf{List-II} \\[8pt] (A)\ \text{Leftward shift in both demand and supply curves} & (I)\ \text{Equilibrium price remains unchanged} \\[6pt] (B)\ \text{Rightward shift in both demand and supply curves} & (II)\ \text{Equilibrium quantity increases} \\[6pt] (C)\ \text{Equal percentage increase in both demand and supply curves} & (III)\ \text{Equilibrium quantity decreases} \\[6pt] (D)\ \text{Supply curve shifts right and demand curve shifts left} & (IV)\ \text{Equilibrium quantity remains unchanged} \end{array} \]

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

Hint:

When both demand and supply shift in the same direction, quantity changes clearly. Equal percentage increase in both demand and supply generally keeps equilibrium price unchanged.

Answer 1

The Correct Option is A