Question

(4) Assertion (A) - Price of commodity is the only determinant of supply.
Reasoning (R) - There is a direct relationship between price and quantity
supplied.
(1) (A) is true but (R) is false
(m) (A) is false but (R) is true.
(i) Both (A) and (R) are true and (R) is the correct explanation of (A)
(iv) Both (A) and (R) are true but (R) is not the correct explanation of (A).​

Answer 1

Answer:

(iii) is true

I hope this is correct

Answer 2

Both (A) and (R) are true and (R) is the correct explanation of (A)

Price of the commodity:

• A commodity's supply is proportional to its price. In principle, more of a commodity is listed for sale at a higher price, whereas less of a commodity is put up for sale at a cheaper price.
• So, the given assertion (A) - Price of the commodity is the only determinant of supply is true.
• All other things being equal, there is indeed a direct link between an item's price and the amount provided; as the price of good rises, the quantity supplied rises;
• Likewise, even as price falls, the equilibrium quantity falls, resulting in the upward aggregate supply curve.
• So, the reasoning (R) - There is a direct relationship between price and quantity supplied is true.