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The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption?
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The price of wheat is reduced by 20%, family increases its consumption...
Impact of Price Reduction on Wheat Consumption
- Initially, the family was consuming 40% kg of wheat.
- The price of wheat has been reduced by 20%.
- Due to this reduction, the family decides to increase its consumption.
New Consumption Calculation
- After the price reduction, the family will now be paying 80% of the original price for the same quantity of wheat (100% - 20%).
- This means they can now afford to buy 25% more wheat for the same amount of money (20% price reduction / 80% new price).
- With the reduced price, the family can now afford to buy 50% kg of wheat for the same cost (40% kg * 1.25).
Impact of Increased Consumption
- The family's new consumption is 50% kg of wheat.
- However, their expenditure is 30% less than before due to the price reduction.
- This means they are spending only 70% of their original expenditure on wheat (100% - 30%).
- Therefore, the family's new consumption is not only higher at 50% kg but also more cost-effective due to the reduced price.
- Initially, the family was consuming 40% kg of wheat.
- The price of wheat has been reduced by 20%.
- Due to this reduction, the family decides to increase its consumption.
New Consumption Calculation
- After the price reduction, the family will now be paying 80% of the original price for the same quantity of wheat (100% - 20%).
- This means they can now afford to buy 25% more wheat for the same amount of money (20% price reduction / 80% new price).
- With the reduced price, the family can now afford to buy 50% kg of wheat for the same cost (40% kg * 1.25).
Impact of Increased Consumption
- The family's new consumption is 50% kg of wheat.
- However, their expenditure is 30% less than before due to the price reduction.
- This means they are spending only 70% of their original expenditure on wheat (100% - 30%).
- Therefore, the family's new consumption is not only higher at 50% kg but also more cost-effective due to the reduced price.
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The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption?
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The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption?.
The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The price of wheat is reduced by 20%, family increases its consumption such that expention is 30% less than before. if 40%kg wheat for are consumption earlyer find new consumption?.
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