Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Select the correct answer from the codes given below:

Assertion (A):Losch believed that price increase is the result of transport cost, and by rotating the demand curve around the production point the market area is seen to be circular.

Reason (R):Losch treated each function as having a separate range, threshold and hexagonal hinterland.

ABoth A and R are true and R is the correct explanation of A

BBoth A and R are true but R is not the correct explanation of A

CA is true but R is false

DA is false but R is true

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