The price of wheat has increse
By 12 preventing the reduction in consumption so there is no change on expenditure

The price of wheat has increse
By 12 preventing the reduction in consumption so there is no change on expenditure

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Kennedy

1 thought on “The price of wheat has increse<br /> By 12 preventing the reduction in consumption so there is no change on expenditure”

  1. 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

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