For example, a price elasticity of alcohol demand of -0.5 means that a 1-percent increase in price would reduce alcohol consumption by 0.5 percent (or a 10-percent increase in price would reduce consumption by 5 percent).
The Local Currency. The Seychelles Rupee (Rs) is the official currency of the Seychelles. One Rupee = 100 cents. The currency is divided into both paper and coin form. Currency is minted in the following denominations.
MUR-Mauritian Rupee. The Mauritian rupee is the currency of Mauritius. It is theoretically divided into 100 cents. The rupee was established by law in 1876 as the local currency of Mauritius.The rupee was chosen due to the massive inflow of Indian rupees following Indian immigration to Mauritius.s. The Mauritian rupee is the currency of Mauritius. It is theoretically divided into 100 cents. The rupee was established by law in 1876 as the local currency of Mauritius. The rupee was chosen due to the massive inflow of Indian rupees following Indian immigration to Mauritius.