Question

Assertion (A): The recent war in Israel will impact key imports to India, which include rough cut and polished diamonds.

Reasoning (R): Diamonds are luxury goods having relatively elastic demand.

Options

• A is true but R is false.

• A is false but R is true.

• Both A & R are true and R explains A.

• Both A & R are true but R does not explain A.

Answer 1

Both A & R are true but R does not explain A.