Assertion (A): Giffin paradox rarely occurs in the real world.
Reasoning (R): Inferior goods are narrowly defined for which suitable substitutes are available.
1
Both (A) and (R) are incorrect
2
(A) is correct and (R) is incorrect
3
Both (A) and (R) are correct
4
(A) is incorrect and (R) is correct
5
Question Not Attempted