Question:
Given below are two statements : One is labelled as Assertion A and the other is labelled as Reason R :
Assertion A : The Giffen goods are exception of law of demand.
Reason R : Under Giffen good, the demand curve shows negative Relationship between price and demand of goods.
In the light of the above statements. choose the most appropriate answer from the options given below :
Given below are two statements : One is labelled as Assertion A and the other is labelled as Reason R :
Assertion A : The Giffen goods are exception of law of demand.
Reason R : Under Giffen good, the demand curve shows negative Relationship between price and demand of goods.
In the light of the above statements. choose the most appropriate answer from the options given below :
Assertion A : The Giffen goods are exception of law of demand.
Reason R : Under Giffen good, the demand curve shows negative Relationship between price and demand of goods.
In the light of the above statements. choose the most appropriate answer from the options given below :
Updated On: Mar 15, 2024
- Both A and R are correct and R is the correct explanation of A
- Both A and R are correct but R is NOT the correct explanation of A
- A is correct but R is not correct
- A is not correct but R is correct
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The Correct Option is C
Solution and Explanation
The correct answer is (C) : A is correct but R is not correct.
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