Assertion (A) – Micro economics is known as Price theory. Reasoning (R) – Macro economics is known as Income theory. (i) (A) is true but (R) is false. (ii) (A) is false but (R) is true. (iii) Both (A) and (R) are true and (R) is the correct explanation of (A). (iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).

Assertion (A) – Micro economics is known as Price theory. Reasoning

1.	Assertion (A) – Micro economics is known as Price theory. Reasoning (R) – Macro economics is known as Income theory. (i) (A) is true but (R) is false. (ii) (A) is false but (R) is true. (iii) Both (A) and (R) are true and (R) is the correct explanation of (A). (iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).
Answer» (iv) Both (A) and (R) are true and (R) is not the correct explanation of (A).