Economy, asked by HiteshManjal, 3 days ago

2. Assertion (A): A change in quantity demanded of one commodity
due to a change in the price of other commodity is cross Elasticity
Reasoning(R): Changes in consumer income leads to a change in the
quantity demanded
1. (A) is true (R) is false
2. (A) is false (R) is true
3. Both (A) and (R) are true and (R) is the correct explanation of (A)
4. Both (A) and(R) are true and(R) is the not correct explanation of (A)

Answers

Answered by roshankachap758
0

Answer:

true is the answer please mark me Brainliest answer

Answered by Ananyanair2010
0

Answer:

Because assertion is of cross elasticity concept i.e. when the price of one product increases then the price of other product also increases or decreases and vice versa. This happens in the case of complementary goods and substitute goods. ... This happens in cases like inferior goods or luxury goods.

Explanation:

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