Question

Read the following statements Assertion (A) and Reason (R). Choose one of the correct
alternatives given below
Assertion (A) According to Law of Supply, as the cost of production increases producer
increase selling price and accordingly supply of the good increases.
Reason (R) Increase in price of complementary goods, leads to increase in quantity supply.
Alternatives
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct
explanation of Assertion (A)
Assertion (A) is true, but Reason (R) is false
Assertion (A) is false, but Reason (R) is true
1 Variable Cost AVC​

Answer 1

Answer:

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

of Assertion (A)