Question

Given below are two statements : One is labelled as Assertion A and the other is labelled as Reason R :
Assertion A : The Giffen goods are exception of law of demand.
Reason R : Under Giffen good, the demand curve shows negative Relationship between price and demand of goods.
In the light of the above statements. choose the most appropriate answer from the options given below :

• A. Both A and R are correct and R is the correct explanation of A
• B. Both A and R are correct but R is NOT the correct explanation of A
• C. A is correct but R is not correct
• D. A is not correct but R is correct

Answer 1

The Correct Option is C

The correct answer is (C) : A is correct but R is not correct.