Correct Answer: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Solution : The correct answer is (b) Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

The assertion is true to some extent. Price is a determinant of a product's value in the market, but it is not the sole determinant. The perceived value of a product is influenced by various factors, not just the price.

The reason is true. Price is influenced by various factors, including production costs, market demand, competition, and perceived value by customers. However, while the reason provides additional context about price, it doesn't directly explain why the assertion is true. It acknowledges that price is influenced by factors, which is correct, but it doesn't explain why price is the determinant of a product's value in the market.