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 but (R) is not the correct explanation of (A)
B
(A) is false but (R) is true
C
(A) is true but (R) is false
D
(A) and (R) are true and (R) is the correct explanation of (A)
Get unlimited practice with NTA-UGC-NET & SET Exams subscription
Boost your performance with adaptive practice tests
Practice every concept in the syllabus
Compare your speed and accuracy with your peers
Download the app and practice on the go
No internet connection