Assertion (A): The volume of imports tends to be very high when there is a conjecture of high rate of economic growth and a sharp fall in the relative price of imports and vice versa

Reason (R): High rate of growth, ceteris paribus, is associated with rise in imports and increase in the imports, ceteris paribus, is associated with a fall in the relative price of imports.

Code:

A

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

Both (A) and (R) are correct but (R) is not the right explanation of (A)
C

(A) is correct but (R) is not correct
D

(R) is correct but (A) is not correct

Question