{"id":51670,"date":"2024-04-15T23:28:09","date_gmt":"2024-04-15T23:28:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=51670"},"modified":"2024-04-15T23:28:09","modified_gmt":"2024-04-15T23:28:09","slug":"match-the-following-list-i-list-ii-a-cross-demand-is-the-change-in-the-quantity-demanded-of-a-given-commodity-in-response-to-the-1-relationship-between-the-price-of-a-commodity-and-the-quantity-dem","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/match-the-following-list-i-list-ii-a-cross-demand-is-the-change-in-the-quantity-demanded-of-a-given-commodity-in-response-to-the-1-relationship-between-the-price-of-a-commodity-and-the-quantity-dem\/","title":{"rendered":"Match the following. List-I List-II a. Cross demand is the change in the quantity demanded of a given commodity in response to the 1. Relationship between the price of a commodity and the quantity demanded b. The elasticity of demand for product will be higher 2. Change in the price of another commodity c. The law of demand indicates 3. When price falls demand rises d. The law of demand states 4. The more available are substitutes for that product"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a981ba523c4f\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"true\">\r\n                    a-2, b-4, c-1, d-3                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    a-1, b-2, c-3, d-4                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    a-4, b-1, c-3, d-2                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    a-3, b-2, c-1, d-4                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: A. a-2, b-4, c-1, d-3<\/p>\n<p>a. Cross demand is the change in the quantity demanded of <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> a given commodity in response to the change in the price of another commodity.<br \/>\nb. The elasticity of demand for product will be higher the more available are substitutes for that product.<br \/>\nc. The law of demand indicates a negative relationship between the price of a commodity and <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> the quantity demanded.<br \/>\nd. The law of demand states that when price falls demand rises.<\/p>\n<p>Here is a brief explanation of each option:<\/p>\n<p>a. Cross demand is the change in the quantity demanded of a given commodity in response to the change in the price of another commodity. For example, if the price of coffee increases, the demand for tea may increase, as people will switch to tea as a substitute for coffee.<br \/>\nb. The elasticity of demand for product will be higher the more available are substitutes for that product. This is because if there are many substitutes available, consumers will be more likely to switch to another product if the price of one product increases.<br \/>\nc. The law of demand indicates a negative relationship between the price of a commodity and the quantity demanded. This means that, all other things being equal, if the price of a product decreases, the quantity demanded will increase.<br \/>\nd. The law of demand states that when price falls demand rises. This is because, all other things being equal, consumers are more likely to buy a product if the price is lower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Match the following. List-I List-II a. Cross demand is the change in the quantity demanded of a given commodity in response to the 1. Relationship between the price of a commodity and the quantity demanded b. The elasticity of demand for product will be higher 2. Change in the price of another commodity c. The law of demand indicates 3. When price falls demand rises d. The law of demand states 4. 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