Question

if the price of a commodity is increased by 20% and its consumption decrease by 10% find its final effect on expenditure

Answer 1

If the price of a commodity is decreased by 20% and its consumption is increased by 10%, what will be the increase or decrease in the expenditure on the commodity? p + q + pq/100 = -20 + 10 - 200/100 = -10 - 2 = -12%.

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Answer 2

Answer:

the price of a commodity is decreased by 20% and its consumption is increased by 10%, what will be the increase or decrease in the expenditure on the commodity? p + q + pq/100 = -20 + 10 - 200/100 = -10 - 2 = -12%.