‘Given below are two statements, are labelled as Assertion (A) and the other labelled as Reason (R).
Assertion (A) : When price of x rises, the quantity demanded of y increases.
Reason (R) : x and y are substitutes. In the context of the above statements
which of the following is true ?
Codes :
1
Both (A) and (R) are correct and (R) is the right explanation of (A)
2
Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
3
(A) is correct, but (R) is not correct
4
(R) is correct, but (A) is not correct