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Commerce · Q1471

Economics

Graduate and Post Graduate · Commerce · question 1471

Q1471

Assertion (A): The demand for a commodity refers to the quantity of the commodity in demand at a certain price during any particular period. Reason (R): The contraction of demand is the result of an increase in the price of the good concerned.

A.
Both (A) and (R) are true
Answer
B.
Both (A) and (R) are incorrect
C.
(A) is correct but (R) is incorrect
D.
(A) is incorrect but (R) is correct

Answer: Option A

Solution

Answer: Option A
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