Assertion The income of the consumers remain unchanged Reason Commodity should be a normal good...........

Economics (CUET) Consumer Behaviour and Demand

Read the following news report and answer the Questions on the basis of the same:
The quantity of a commodity that a consumer is willing to buy and is able to afford, given the prices of goods and the consumer's tastes and preferences is called demand for the commodity. Whenever one or more of these variables change, the quantity of the good Chosen by the consumer is likely to change as well. The relation between the consumer's optimal choice of the quantity of a good and its price is very important and this relation is called the demand function. Thus, the consumer's demand function for a good gives the
amount of the good that the consumer chooses at different levels of its price when the other things remain unchanged.

Assertion: The income of the consumers remain unchanged.

Reason: Commodity should be a normal good. Select the correct alternative from the following.

Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).

Assertion (A) is true, but Reason (R) is false.

Assertion (A) is false, but Reason (R) is true.

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Explanation:

Option (2) is correct.
Explanation: The income of the consumers remains unchanged. This is one of the assumptions required for the law of demand to hold true. Law of demand follows the
assumption that the commodity should be a normal good. Therefore, the reason is the correct statement, but the assertion is the wrong statement.