Question

Match List - I with List - II:

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

Hint:

Logic Tip: Elastic demand responds strongly to price changes, while perfectly inelastic demand does not respond at all.

Answer 1

The Correct Option is A

Step 1:
Elastic demand means percentage change in demand is greater than percentage change in price. Thus: \[ A \rightarrow II \]

Step 2:
Inelastic demand means percentage change in demand is less than percentage change in price. Thus: \[ B \rightarrow I \]

Step 3:

• Unit elastic demand $\rightarrow$ Equal percentage changes
• Perfectly inelastic demand $\rightarrow$ Demand remains unchanged Thus: \[ C \rightarrow III \] \[ D \rightarrow IV \]

Step 4:
Final matching: \[ A-II,\; B-I,\; C-III,\; D-IV \] Hence, the correct answer is: \[ \boxed{\text{(1) A-II, B-I, C-III, D-IV}} \]