Both (A) and (R) are true
Both (A) and (R) are incorrect
(A) is correct but (R) is incorrect
(A) is incorrect but (R) is correct
Answer is Wrong!
Answer is Right!
The correct answer is: C. (A) is correct but (R) is incorrect.
Assertion (A) is correct. The demand for a commodity refers to the quantity of the commodity that consumers are willing and able to purchase at a certain price during any particular period.
Reason (R) is incorrect. The contraction of demand is the result of a decrease in the price of the good concerned. When the price of a good decreases, consumers are willing and able to purchase more of the good. This is known as the law of demand.
Here is a diagram that illustrates the law of demand:
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