From the following two statements of Assertion (A) and Reasoning (R) suggest the correct code:
Assertion (A): The equilibrium price is decided at the level where the quantity demanded equals the quantity supplied.
Reason (R): At this level excess of demand and excess of supply both remain zero.
Code:
1
(A) is correct but (R) is incorrect.
2
(A) is incorrect but (R) is correct.
3
(A) and (R) both are correct but (R) is not right explanation of (A).
4
(A) and (R) both are correct and (R) is right explanation of (A).