Read the following statements carefully:
Statement 1: Environmental concerns of waste generation and pollution have become critical, due to reversal of demand and supply relationship.
Statement 2: Environmental crisis happens when the rate of resource extraction is less than that of regeneration of resource.
In the light of the given statements, choose the correct option from the following:
Options:
(A) Statement 1 is true and Statement 2 is false.
(B) Statement 1 is false and Statement 2 is true.
(C) Both statements 1 and 2 are false.
(D) Both statements 1 and 2 are true.