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प्रश्न
Assertion (A): The statement 'A consumer buys 2 litres of milk everyday at a price of ₹50 per litre of milk' is demand statement.
Reason (R): The demand for a commodity is always expressed with references to price and time.
पर्याय
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true but Reason (R) is false.
Assertion (A) is false but Reason (R) is true.
उत्तर
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
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संबंधित प्रश्न
Which of the following pairs of goods are most likely substitutes?
From the set of statements given in Column I and Column II, choose the correct pair of statements:
| Column I | Column II |
| A. Normal goods | (i) Goods the demand for which tends to fall with increase in income. |
| B. Inferior goods | (ii) Goods which cannot be used in place of one another. |
| C. Substitute goods | (iii) Goods which can be used in place of one another. |
| D. Joint demand | (iv) Goods the demand for which rise with increase in income. |
What are inferior goods?
What do you mean by substitute goods?
If price of X increases, then demand for Y too increases. What is the relationship between goods X and Y? Give an example.
If the quantity demanded of commodity X decreases as the householder's income increases. What type of a commodity is X? Give an example.
What is demand function?
Give the meaning of Income demand.
Give an example of inferior goods.
Milk can be put to several uses; therefore, it is called as a ______ good.
