Question

Assertion (A) – Marginal utility goes on diminishing with an increase in the stock of ) a commodity. I

Reasoning (R) – Purchasing power of a consumer increases when the price of a commodity increases. 5-

(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 l explanation of (A). 

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

Answer 1

Correct option: (i) (A) is true but (R) is false.