Question

3) Assertion (A): Degree of price elasticity is less
than one in case of relatively inelastic demand.
Reasoning (R) : Change in demand is less then
the change in price.
Options : 1) (A) is True, but (R) is False
2) (A) is False, but (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 not the
correct explanation of (A)​

Answer 1

Answer:

4 but not sure

Explanation:

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