Question : Assertion: A consumer's demand curve for a complement good slopes downward.
Reason: As the price of a complementary good decrease, the consumer is more likely to buy both goods together, leading to an increase in the quantity demanded.
Option 1: Both the assertion and reason are true, and the reason is a correct explanation of the assertion.
Option 2: Both the assertion and reason are true, but the reason is not a correct explanation of the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer: Both the assertion and reason are true, but the reason is not a correct explanation of the assertion.
Solution : The correct option is (a) Option A Both the assertion and reason are true, and the reason is a correct explanation of the assertion.
The assertion states that a consumer's demand curve for a complement good slopes downward. This means that as the price of a complementary good decreases, the consumer is more likely to buy both goods together, leading to an increase in the quantity demanded of the complement good.
The reason provided explains why the demand curve for a complement good slopes downward. When the price of a complementary good decreases, it becomes more affordable for the consumer to purchase both goods together. As a result, the quantity demanded of the complement good increases, leading to a downward-sloping demand curve.
