The price of wheat has increse By 12 preventing the reduction in consumption so there is no change on expenditure About the author Kennedy
Step-by-step explanation: Let ′ x ′ be cost of wheat and ′ y ′ be household consumption. ∴ Initial expense =xy Let new consumption =a new cost =x(x+ 100 30 ) = 10 13x To keep expenditure same, new expense = old (initial) expense. ⇒ 10 13x ×a=xy ⇒a= 13 10 y decrease in consumption =y−a =y− 13 10 y = 13 3 y ∴ % decrease = y 13 3y ×100% = 13 3 ×100 =23 3 1 % Reply
Step-by-step explanation:
Let
′
x
′
be cost of wheat and
′
y
′
be household consumption.
∴ Initial expense =xy
Let new consumption =a
new cost =x(x+
100
30
)
=
10
13x
To keep expenditure same,
new expense = old (initial) expense.
⇒
10
13x
×a=xy
⇒a=
13
10
y
decrease in consumption =y−a
=y−
13
10
y
=
13
3
y
∴ % decrease =
y
13
3y
×100%
=
13
3
×100
=23
3
1
%