Economics · Demand Volatility for Goods

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The demand for non-durable goods, such as food staples and medicines, is typically more volatile and sensitive to economic cycles compared to the demand for durable goods like furniture. Reason R: Durable goods last over multiple use occasions, which allows consumers to defer their purchases during economic downturns or concentrate them during boom periods. In the light of the above statements, choose the most appropriate answer from the options given below: