Read the following statements - Assertion (A) and Reason (R)carefully and choose the correct alternative given below: |
Both Assertion (A) and Reason (R ) are true and Reason(R) is the correct explanation of Assertion (A) Both Assertion (A) and Reason (R ) are true and Reason(R) is not the correct explanation of Assertion (A) Assertion (A) is true but Reason (R ) is false Assertion (A) is true but Reason (R ) is false |
Both Assertion (A) and Reason (R ) are true and Reason(R) is the correct explanation of Assertion (A) |
The correct answer is option 1: Both Assertion (A) and Reason (R ) are true and Reason(R) is the correct explanation of Assertion (A)
Reason (R): The reason provided is correct. An indifference curve represents all the combinations of goods that give a consumer the same level of satisfaction. If the consumer wants to increase their consumption of one good, they must reduce their consumption of the other good to stay on the same indifference curve. This is because the marginal utility of each good decreases as the consumer consumes more of it. Therefore, both the assertion and the reason are true, and the reason accurately explains why indifference curves slope downward. |