Assertion (A) The demand for a commodity refers to the quantity...

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Assertion (A): The demand for a commodity refers to the quantity of the commodity in demand at a certain price during any particular period.
Reason (R): The contraction of demand is the result of an increase in the price of the good concerned.

A. Both (A) and (R) are true

B. Both (A) and (R) are incorrect

C. (A) is correct but (R) is incorrect

D. (A) is incorrect but (R) is correct

Answer: Option A

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