_ If the price of the commodity is increased by 50% by what fraction m – McqOptions

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1.	_ 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?$?
A.	1/4
B.	1/3
C.	1/2
D.	2/3
Answer» C. 1/2

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