Assertion (A) – Unitary elastic demand has rectangular hyberbola curve. Reasoning (R) – 50% decrease in price, brings 50% increase in demand of a commodity.(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) – Unitary elastic demand has rectangular hyberbola cur

1.	Assertion (A) – Unitary elastic demand has rectangular hyberbola curve. Reasoning (R) – 50% decrease in price, brings 50% increase in demand of a commodity.(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» (iii) Both (A) and (R) are true and (R) is the correct explanation of (A)’.