Table of Contents
- 1 When the price of sugar was increased by 20 a family reduced its consumption in such a way?
- 2 What is the relation between price consumption and expenditure?
- 3 What is the formula of price consumption expenditure?
- 4 How is consumption expenditure calculated?
- 5 What is the percentage reduction in sugar consumption?
- 6 How much will the quantity of sugar go down by?
When the price of sugar was increased by 20 a family reduced its consumption in such a way?
As a result, a family decreases its consumption by 25\%.
What is the relation between price consumption and expenditure?
Case 4.1: Price x Consumption= Expenditure (if Expenditure is constant AB Rule can be applied) e.g. When Price of sugar is increased/decreased by 20\% by how much percentage consumption should decrease/increase so that expenditure is constant.
When was the price of sugar increased by 28 a family?
Therefore a family reduces its consumption so that the increment in the expenditure of sugar is only 20\%.
What is the formula of price consumption expenditure?
Note: The most important formula to solve this question is Price$ \times $ consumption=Expenditure. The key points for this type of question are: If the price is Increased by some rate then, add the increased amount to the actual amount.
How is consumption expenditure calculated?
expenditure approach: The total spending on all final goods and services (Consumption goods and services (C) + Gross Investments (I) + Government Purchases (G) + (Exports (X) – Imports (M)) GDP = C + I + G + (X-M).
How much is the price of sugar increased by?
>> The price of sugar is incre… The price of sugar is increased by 20\%. By what percent must the consumption of sugar be decreased so that the expenditure on sugar may remain the same (upto the nearest integer)?
What is the percentage reduction in sugar consumption?
Let W1 & W2 denote respectively initial & decreased consumption (in unit – weight) of sugar. percentage reduction in sugar consumption should be 20\%. [Ans] Due to an increase in the price of sugar by 40\%, a person reduces the consumption by 20\%.
How much will the quantity of sugar go down by?
If the current basket contains a balanced diet, which carbs, protein and fats being in a 1:1:1 ratio, and the percentage of these carbs which are sugars is 1/3, then we can assume mathematically, ceteris paribus that the quantity of sugar will go down by less than 15\%. The price of the sugar is decreased by 30\%.
How many successive price increases are equivalent to a single price increase?
Two successive price increases of 10\% and 10\% on an article are equivalent to a single price increase of: 3). The price of an article was first increased by 10\% and then again by 20\%. If the last increased price was Rs.33, the original price was: