MCQ
(A) : Elasticity of demand explains that one variable is influenced by another variable.
Reasoning (R) : The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.
Reasoning (R) : The concept of elasticity of demand indicates the effect of price and changes in other factors on demand.
- A(A) is True, but (R) is False
- B(A) is False, but (R) is True
- ✓Both (A) and (R) are True and (R) is the correct explanation of (A)
- DBoth (A) and (R) are True and (R) is not the correct explanation of (A)