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0. Assertion (A). The excess price which a man is willing to pay rather than go without the thing, over that he actually does pay is the consumer's surplus. Reason (R). The basic reason for consumer's surplus is the law of diminishing marginal utility.
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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