Theory of Demand
Quick practice
Question 1 of 5
Assertion (A): Interdependence should not be considered by a firm when the demand for products is interrelated.
Reason (R): The objective of the management is to set the prices that will maximize the firm’s overall profit and not of the individual product.
A
(A) and (R) are true and (R) is the correct explanation of (A)
B
(A) is true but (R) is false
C
(A) and (R) are true but (R) is not the correct explanation of (A)
D
(A) is false but (R) is true
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