Question

Assertion (A): Supply is a relative term.

Reasoning (R): Supply is always expressed in relation to price, time and quantity.

Options

• (A) is true, but (R) is false

• (A) is false, but (R) is true.

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

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

Answer 1

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