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Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition] Q.4. Assertion and Reasoning type of question

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition]


Q.4. Assertion and Reasoning type of question

2. Assertion (A): A change in quantity demanded of one commodity due to a change in the price of other commodity is cross elasticity

Reasoning (R): Changes in consumer income leads to a change in the quantity demanded.

Options

(A) is true, but (R) is false

(A) is false, but (R) is true

Both (A) and (R) are true and (R) is the correct explanation of (A)

Both (A) and (R) are true and (R) is not the correct explanation of (A)