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.

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.

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 : "A change in demand" most strongly suggests a -

Option 1: Movement along the curve

Option 2: Movement along the price curve

Option 3: Change in quantity demanded of a good

Option 4: Shift in the demand curve

Question : Assertion: When the price of a product increases by 10%, and the quantity demanded decreases by 20%, the price elasticity of demand is 0.5.

Reason: Price elasticity of demand measures the percentage change in quantity demanded divided by the percentage change in price.

Option 1: Both the assertion and reason are correct and related.

Option 2: Both the assertion and reason are correct but not related.

Option 3: The assertion is correct, but the reason is incorrect.

Option 4: The assertion is incorrect, but the reason is correct.

Question : Assertion: When the price of a product increases by 10% and its quantity demanded decreases by 10%, the price elasticity of demand is -1.

Reason: Price elasticity of demand measures the percentage change in quantity demanded divided by the percentage change in price.

Option 1: Both the assertion and reason are correct and related.

Option 2: Both the assertion and reason are correct but not related.

Option 3: The assertion is correct, but the reason is incorrect.

Option 4: The assertion is incorrect, but the reason is correct.