Assertion (A): Technological change can make existing products obsolete. Reason (R): Technology affects only production cost and never demand.

For the following practice assertion–reason questions, choose: (A) Both A and R are true, and R correctly explains A. (B) Both are true, but R does not correctly explain A. (C) A is true, but R is false. (D) A is false, but R is true.

Answer – (C) The assertion is true; technology can also change demand and available alternatives.