Question

1. Assertion (A) Elasticity of demand helps in identifying the presence of a group of consumers in market. Reason (R) The responsiveness of demand against the changing determinants decides the movement of market in long run. Alternatives (a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) (b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A) (c) Assertion (A) is false, but Reason (R) is true (d) Both are false
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Answer 1

Answer:

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