Step 1: Vegetable crops commonly absorb potassium beyond their yield-related needs, this is luxury consumption, so Statement (I) is true.
Step 2: Potassium moves through the soil root zone relatively freely, while nitrogen fertilizers are more prone to rapid loss through leaching or volatilization.
Step 3: This makes Statement (II) true as well.
Step 4: The correct answer is both Statement (I) and Statement (II) are true.