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Commerce · Q424

Economics

Graduate and Post Graduate · Commerce · question 424

Q424

Assertion (A) The demand curve has negative slope showing inverse relationship between price and the quantity demanded. Reason (R) It applies only to giffen goods.

A.
Both (A) and (R) are true
B.
(A) is true, but (R) is false
Answer
C.
(A) is false, but (R) is true
D.
Both (A) and (R) are false

Answer: Option B

Solution

Answer: Option B
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