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Assertion (A): Demand curve is downward sloping. Reason (R): Demand curve slopes downwards from left to the right because price and quantity demanded are inversely related. - Economic Applications

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Question

Assertion (A): Demand curve is downward sloping.

Reason (R): Demand curve slopes downwards from left to the right because price and quantity demanded are inversely related.

Options

  • 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.

MCQ

Solution

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

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Demand Curve
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Chapter 1: Elementary Theory of Demand - QUESTIONS [Page 20]

APPEARS IN

Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 1 Elementary Theory of Demand
QUESTIONS | Q 3. | Page 20
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