Assertion (A) : The equilibrium price is decided at the level where the quantity demanded equals the quantity supplied.

Reasoning (R) : At this level excess of demand and excess of supply both remain zero.

  • A

    (A) is correct but (R) is incorrect.    

  • B

    (A) is incorrect but (R) is correct.

  • C

    (A) and (R) both are correct but (R) is not right explanation of (A).

  • D

    (A) and (R) both are correct and (R) is right explanation of (A).