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Elasticity And Expenditure...

Elasticity And Expenditure

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Government usually classifies its expenditure in term of planned and non-planned expenditure. Identify, which is the correct definiton of Planned expenditure?

The price of commodity is ₹ 20 per unit and total expenditure on it ₹ 1,000. when its price falls to ₹ 18 per unit, total expenditure increases by 8 per cent. Calculate its price elasticity of demand by percentage in its demand.

The pie chart shows the expenditure of a company for the year 2020. Study the diagram and answer the following questions. (All expenditures are in Lakhs) The expenditure of Infrastructure and Electricity is what percent of the total expenditure?