ব্যাখ্যা
Question: If the price of a commodity increases by 50%, by what fraction should the quantity consumed be decreased to maintain the same total expenditure?
Solution:
Let the initial price of the commodity be 100.
After a 50% increase in price,
The increased price will be 150.
Now, we have to reduce the consumption to keep expenditure at 100.
Increase in price = 150 - 100 = 50
∴ We have to reduce the consumption
= (50/150) × 100
= 33.33% or 1/3