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?

Ankit Singh • 5.81K Points
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Q. 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

Correct Answer - Option(B)

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