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Assertion (A) – Individual demand refers to the quantity of a commodity demanded by particular consumer.

Reasoning (R) – Market demand refers to the total demand for commodity from all the consumers.

(i) (A) is true but (R) is false. 

(ii) (A) is false but (R) is true. 

(iii) Both (A) and (R) is true and (R) is the correct explanation of (A). 

(iv) Both (A) and (R) is true but (R) is not the correct explanation of (A).

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(iv) Both (A) and (R) is true but (R) is not the correct explanation of (A).

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