SHRI. M. P. SHAH JUNIOR COLLEGE OF ARTS AND COMMERCE TERMINAL EXAMINATION class: XH Date : 13th Oct 2 Sub: Economics Marks 50 01 A) Assertion and Reasoning questions (5 marks 1. Assertion (A): Demand is relatively inelastic in short period Reasoning (R): Consumer can't change their habits in short period. a. (A) is true and (R) is false. b. (A) is false and (R) is true. C Both (A) and (R) are true and (R) is correct explanation of (A) d. Both (A) and (R) are true but (R) is not the correct explanation of (A) 2. Assertion(A): Macroeconomics uses lumping method.
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