Question : Assertion: A consumer's demand curve for normal good slopes downward.

Reason: As the price of a normal good decreases, the consumer can afford to buy more of it, 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.

Question : Assertion: A consumer's demand curve for a substitute good slopes upward.

Reason: As the price of a substitute good decreases, the consumer switches from the more expensive good to the cheaper substitute, 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.

Question : Assertion: The desire for complementary commodities is shared.
Reason: In order to fulfill a specific need, complementary goods are simultaneously demanded.

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A)

Option 3: Assertion (A) is true but Reason (R) is False

Option 4: Assertion (A) is False but Reason (R) is True

Question : Assertion: The Engel curve represents the relationship between the quantity demanded of a good and the consumer's income.

Reason: Engel curves can be used to distinguish between normal goods, inferior goods, and luxury goods.

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.

Question : Assertion (A): Complementary goods are demanded simultaneously to satisfy a particular want.
Reason (R): Complementary goods have joint demand

Option 1: Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation
of Assertion (A)

Option 2: Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation
of Assertion (A)

Option 3: Assertion (A) is true but Reason (R) is False

Option 4: Assertion (A) is False but Reason (R) is True