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Question
Assertion (A): The recent war in Israel will impact key imports to India, which include rough cut and polished diamonds.
Reasoning (R): Diamonds are luxury goods having relatively elastic demand.
Options
A is true but R is false.
A is false but R is true.
Both A & R are true and R explains A.
Both A & R are true but R does not explain A.
Solution
Both A & R are true but R does not explain A.
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