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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

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

Options:

Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is the correct explanation of Assertion (A).

Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is not the correct explanation of Assertion (A).

Assertion (A) is true but Reasoning (R) is false.

Assertion (A) is false but Reasoning (R) is true.

Correct Answer:

Assertion (A) is true but Reasoning (R) is false.

Explanation:

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.

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