Assertion (A) : All businessmen make profit due to pricehike

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M: +2.00/-0.50

Assertion (A) : All businessmen make profit due to pricehike.

Reason (R) : The customer has to curtail his needs due to price-hike.

In the context of the above statements, which of the following is correct :

U.P.U.D.A./L.D.A. (Pre) 2002 U.P.P.C.S. (Pre) 2003

[Fiscal Policy, Inflation Planning and Banking]

Both A and R are true and R is the correct explanation of A.

Both A and R are true, but R is not the correct explanation of A.

A is true, but R is false.

A is false, but R is true.

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