Q.
1
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).