Read the following statements -
Assertion (A) and Reasoning (R):
Assertion: Indifference curve slopes downward.
Reasoning: When a consumer gets one more unit of A, he has to forego none of B, so that the total utility level remains the same.
From the given alternatives choose the correct one
Answer & explanation
Correct answer: option 3
Assertion is correct because Indifference curve is downward sloping but the reason is not correct because it states that he has to forego NONE of B. In order to be correct, the reasoning should have been as follows: When a consumer gets one more unit of A, he has to forego SOME units of B, so that the level of total utility remains the same.