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.
What is the money of Ecuador called? A: As of Dec. 23, 2014, the currency used in Ecuador is the United States Dollar. Prior to this transition, the Ecuadorian currency was called the sucre, which was named after a revolutionary war hero named Antonio Jose de Sucre.