If the price of the commodity is increased by 50% by what fraction must its consumption be reduced so as to keep the same expenditure on its consumption?
Deepali Das from Aurangabad, India is saying 2/3 is correct answer
Venky Venkatesh from Hyderabad, India is saying 1/2 is correct answer
sahil from Mohali, India is saying 1/3 is correct answer
Aditya from Patna, India is saying 1/2 is correct answer
Dinesh Garg from Jind, India is saying 1/3 is correct answer
If the price of a commodity is decreased by 20% and its consumption is increased by 20%, what will be the increase or decrease in expenditure on the commodity?
- [A] 4% increase
- [B] 4% decrease
- [C] 8% increase
- [D] 8% decrease