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.
The given Seychelles location map shows that Seychelles is located in the Indian Ocean. Seychelles map also shows that it is an archipelago of more than 100 islands. It is about 1,500 km east of mainland of Africa continent.Madagascar lies in the south-west of Seychelles. Some of the other nearby islands and island countries are, Zanzibar, Comoros, Mayotte, and Mauritius.The government type of Seychelles is Multiple-party Republic, under which the president Seychelles is use to be both head of state and head of government.t is about 1,500 km east of mainland of Africa continent. Madagascar lies in the south-west of Seychelles. Some of the other nearby islands and island countries are, Zanzibar, Comoros, Mayotte, and Mauritius.