Question

Assertion (A): Total expenditure method measures elasticity of demand at a given point on the demand curve.

Reasoning (R): Total expenditure refers to the product of price and quantity demanded.

Options

• (1) (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 False but (R) is True.