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Assertion (A): The supply curve of labour slopes downwards. Reasoning (R): After a certain point of time, when wage rate rises, the supply of labour (hours of work) tends to fall. - Economics

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Question

Assertion (A): The supply curve of labour slopes downwards.

Reasoning (R): After a certain point of time, when wage rate rises, the supply of labour (hours of work) tends to fall.

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).

MCQ
One Line Answer

Solution

(A) is False but (R) is True.

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Chapter 4: Supply Analysis - Assertion and Reasoning type questions

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SCERT Maharashtra Economics [English] 12 Standard HSC
Chapter 4 Supply Analysis
Assertion and Reasoning type questions | Q 2
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