Question : Assertion: Shift of demand curve due to change in price. Reason: Price and demand are directly related to the price.
Option 1: A correct R false
Option 2: A and R both are false
Option 3: A correct R and R explains A
Option 4: A false R is correct.
Correct Answer: A and R both are false
Solution : Price and demand are inversely related to each other. Shifting of demand curve done with the change due to other than price. Hence both A and R are false.
Question : Assertion (A): The price demand curve is negatively sloped. Reason (R): Inverse relationship between price and demand is stated by the law of demand, holding all other parameters constant.
Question : Assertion (A): The demand curve for the market is flatter than the demand curve for an individual.
Reason (R): By horizontally summing individual demand, the market demand curve is created.
Question : Assertion: The same demand curve moves upward in response to an expansion in demand. Reason: A rise in the price of the specified commodity results in an upward movement along the same demand curve.
Question : Assertion (A): The price-demand curve has a downward slope. Reason (R): Inverse relationship between price and demand is stated by the law of demand, holding all other parameters constant.
Question : Assertion (A): Demand elasticity is greater than one below the demand curve's midpoint on a straight line with a downward slope. Reason (R): The demand elasticity on a linear demand curve ranges from zero to infinity.
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