Given below are two statements — one is labelled as Assertion (A) and the other is labelled as Reason (R):
Assertion (A): For certain goods. the expenditure by the consumers decreases.
Reasons (R): For such goods. the income elasticity of demand is high.
In the light of the above two statements choose the correct option :
1
Both (A) and (R) are true and (R) is correct explanation of (A)
2
Both (A) and (R) are true and (R) is not correct explanation of (A)
3
(A) is true but (R) is false
4
(A) is false but (R) is true