Economics · Theory of Demand
Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): The demand curve slopes downwards from left to right. Reason (R): There is an inverse relationship between the price of a commodity and its quantity demanded. Select the correct answer using the options below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is true, but (R) is false.
- 2Both (A) and (R) are true, but (R) is NOT the correct explanation of (A).
- 3(A) is false, but (R) is true.
- 4Both (A) and (R) are true and (R) is the correct explanation of (A).✓
Correct answer
Both (A) and (R) are true and (R) is the correct explanation of (A).
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