1.

Assertion (A)A firm sets lower price per unit to increase profit in long run. Reasoning (R)Lower price increases demand for the product and market area to earn greater profit through sales .a) Both are correct and (R) is the correct explanation of (A)b) Both are correct but (R) is not the correct explanation of (A)c) Both statements are incorrectd) (A) is correct but (R) is incorrect

Answer»

Correct option is a) Both are correct and (R) is the correct explanation of (A)

Lower price increases number of customers



Discussion

No Comment Found

Related InterviewSolutions