Question : Assertion (A): The price-demand curve has a downward slope.
Reason (R): Inverse relationship between price and demand is stated by the law of demand, holding all other parameters constant.

Question : Assertion (A): The demand curve shows the inverse relationship between the own price of a good and its quantity demanded.
Reason (R): Law of diminishing marginal utility advocates that consumer gets lesser satisfaction for each additional unit consumed

Question : Assertion: The demand curve demonstrates the inverse relationship between a good's own price and the number of units sought.
Reason: According to the law of diminishing marginal utility, consuming more units leads to lower consumer satisfaction.

Question : Assertion (A): Currency money is also termed as Fiat money.

Reason(R): Under law, currency must be accepted for payment for all debts.

Question : Assertion: Giffen goods violate the law of demand.

Reason: Giffen goods are inferior goods for which the income effect dominates the substitution effect, resulting in an upward-sloping demand curve.