Assertion(A): A veblen good is one for which demand increases as … - Vidyadip

MCQ

Assertion(A): A veblen good is one for which demand increases as the price increases, ate Windows.
Reason(R): Coarse cereals and tonned milk are examples of veblen goods.

A
Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
B
Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
✓
Assertion(A) is true but Reason(R) is false,
D
Assertion(A) is false but Reason(R) is true.

✓

Answer

Correct option: C.

Assertion(A) is true but Reason(R) is false,

C

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