Alcohol Phenols And Ethers

Two statements, One Assertion and the other Reason, are given.

Which one of the following is the correct option?

Assertion: The acid strength of 4 compounds in the descending order is p- Nitrophenol > p-Methoxyphenol > Phenol > p-chlorophenol.

Reason: Electron withdrawing groups increase the acid strength while Electron donating groups decrease the acid strength of Phenol and its derivatives.