Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Assertion (A): The European trade in indigo became very important in the first half of the seventeeth century, after which it experienced a sharp decline. Reason (R): There was rise in the price of Agra indigo and the competition from the slave-worked plantations established in the West Indies. In the context of the above two statements which of the following is correct?

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