Question
Verbal Reasoning Question on Statements and Assumptions
Given below are two statements : One is labelled as Assertion A and the other is labelled as Reason R :
Assertion A : The Giffen goods are exception of law of demand.
Reason R : Under Giffen good, the demand curve shows negative Relationship between price and demand of goods.
In the light of the above statements. choose the most appropriate answer from the options given below :
A
Both A and R are correct and R is the correct explanation of A
B
Both A and R are correct but R is NOT the correct explanation of A
C
A is correct but R is not correct
D
A is not correct but R is correct
Answer
A is correct but R is not correct
Explanation
Solution
The correct answer is (C) : A is correct but R is not correct.