Maharashtra State BoardHSC Arts 12th Board Exam
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Distinguish Between Percentage Method and Total Outlay Method. - Economics

Distinguish between  Percentage method and Total outlay method. 

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Solution

 Percentage method and Total outlay method. 

Basis of Difference Percentage method Outlay method
Measures Ratio of percentage change in quantity demanded to the percentage change in price Measures how the total expenditure or total outlay incurred on the good changes with a change in its price
Also known as Arithmetic method Total expenditure method
Concept: Importance of Micro Economics
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