Economics · Economy
Given below are two statements, one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Consumption levels increased sharply after Covid-19 restrictions were lifted globally. Reason (R): The demand for goods had accumulated due to frequent Covid-19 restrictions and lockdowns (pent-up demand). In light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(A) is not correct but (R) is correct.
- 2(A) is correct but (R) is not correct.
- 3Both (A) and (R) are correct but (R) is not the correct explanation of (A).
- 4Both (A) and (R) are correct and (R) is the correct explanation of (A).✓
Correct answer
Both (A) and (R) are correct and (R) is the correct explanation of (A).
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