Question

• Assertion (A): The demand curve slopes downwards.
• Reasoning (R): A fall in the price of goods increases the real income of the consumer enabling him/her to buy more.

Options

• (A) is True, but (R) is False.

• (A) is False, but (R) is True.

• Both (A) and (R) are True and (R) is the correct explanation of (A).

• Both (A) and (R) are True and (R) is not the correct explanation of (A).

Answer 1

Both (A) and (R) are True and (R) is the correct explanation of (A).