Q.
1

Assertion (A): Price reduction normally leads to an increase in the demand for a commodity.

Reasoning (R): Price reduction leads to the entry of new buyers of the commodity in the market.

Codes:

 

  • A

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

  • B

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

  • C

    Both (A) and (R) are correct and (R) offers full explanation of (A)

  • D

    Both (A) and (R) are correct but (R) does not offer full explanation of (A).