Question
Assertion (A): Saving function depicts linear relationship when MPS is found to be constant.
Reason (R): A linear saving function is a straight line savings function. The slope of a straight line is constant as indicated by constant MPS.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Both Assertion (A) and Reason (R) are false
Reason (R): A linear saving function is a straight line savings function. The slope of a straight line is constant as indicated by constant MPS.
Alternatives:
a) Both Assertion and Reason are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion and Reason are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Both Assertion (A) and Reason (R) are false