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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
Rajnish Tarar posted an Question
June 27, 2020 • 21:31 pm
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10 points
10 points
- UGC NET
- Economics
Ghven below are two staten ents -one is labelled as assertion (a) and the other is labelled as reason (r) assertion (aj: for certain goode, the expenditure by t
GHven below are two staten ents -one is labelled as Assertion (A) and the other is labelled as Reason (R) Assertion (AJ: For certain goode, the expenditure by the consunmers decreasea. Reasons (R): For such goods. the income elacticity of demand is hugh. In the light of the above two statem ents choose the correct option (1 2 (3) Both (A) And (R) are true and (Ri is correct explanation of (A) Both (A) aDd (R) are true and (Ri is not correct explanation of (A) CA) in true but (R is fsloe 14) (A) is false but dR) 28 true
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Harini Best Answer
the correct option is C A is true but R is false yes for certain goods the portion of the income spent by the consumers decreases as their income increases. but the reason is not correct as for such goods the income elasticity will be low as there is will be no changes in the amount spent by them even any increase in their income but their expenditure on those goods decreases.