Assertion (A) : The demand curve of FMCG products in usually relatively inelastic.
Reasoning (R) : The FMCG companies usually follow skimming pricing as a strategy to fix the price.
1
Both (A) and (R) are incorrect
2
Both (A) and (R) are correct
3
(A) is incorrect and (R) is correct
4
(A) is correct and (R) is incorrect