Question

An automobiles owner reduced his monthly petrol consumption when the prices went up. The priceconsumption relationship is as follows:

Price (in Rs. Per litre)                40 50 60 75 

Monthly consumption (in litres) 60 48 40 30 

If the price goes up to Rs.80 per litre, his expected consumption (in litres) will be 

(a) 30 (b) 28 (c) 26 (d) 24

Answer 1

(a) The product of price (in Rs./litre) and the monthly consumption (in litres) in constraint is equal to 2400. 

Expected consumption when the price goes up to