Question

the consumption of a household increase by 25% . By how much per cent , average price of the good should be reduced so that expenditure does not change?​

Answer 1

Step-by-step explanation:

exp = rate × consumption

1/1 = rate × 5/4

rate = 4/5

% = 1×100/5

%= 20%

Answer 2

Answer:

.....Hence .. consumption expenditure reduced by 20%.we need to find the % average price of the goods should be reduced so that expenditure does not change ......

Hence , consumption expenditure reduced by 20% ..

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