Question

Assertion (A): The slope of demand curve is a rectangular hyperbola in case of unitary elastic demand.

Reasoning (R): In unitary elastic demand, percentage change in price leads to more than proportionate change in quantity demanded.

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

(A) is True but (R) is False.