Question

vii.
Assertion (A): The slope of demand curve is a rectangular hyperbola in case of unitary
elastic demand.
Reasoning (R): In unitary elastic demand, percentage change in price leads to more than
proportionate change in quantity demanded,
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:

I think 1) is correct answer.