| 1. Increase in demand for goods & services |
| 2. Decrease in the supply of goods & services |
| 3. Decrease in demand for goods & services |
| 4. Increase in the supply of goods & services |
A) 1 and 2
B) 3 and 4
C) 1 and 4
D) 2 and 3
Correct Answer: A
Solution :
| The inflation occurs due to two main factors: |
| (i) Increase in demand for goods & services |
| (ii) Decrease in the supply of goods & services |
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