Question

In the following Question, read the following statement: Assertion (A) and Reason (R). Choose the correct alternative among those given below:

Assertion (A): Complementary goods have joint demand. 

Reason (R): Complementary goods are demanded simultaneously to satisfy a particular want.

Options

• Both Assertion (A) and Reason (R) are True and Reason ® is the correct explanation of Assertion (A).

• Both Assertion (A) and Reason (R) are True and Reason ® is not the correct explanation of Assertion (A).

• Assertion (A) is True but Reason (R) is False.

• Assertion (A) is False but Reason (R) is True.

Answer 1

Both Assertion (A) and Reason (R) are True and Reason ® is the correct explanation of Assertion (A).

Explanation:

Both statements are true. Complementary goods are used together to satisfy a want, so they have joint demand.