Assertion A: Equilibrium price of a commodity is the price at which the quantity demanded of the commodity equals the quantity supplied.
Reason R: Equilibrium, is the condition, once determined tends to persists in time.
Choose the right options:
1
Both A and R are correct and R is the right explanation of A
2
Both A and R are correct and R is NOT the correct explanation of A
3
A is correct and R is not correct
4
Both A and R are incorrect