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.
DEFINITION of 'SCR'. In foreign exchange markets, SCR is the abbreviation for the Seychellois rupee, the currency of the island nation of Seychelles. One rupee breaks down into 100 cents, and the Central Bank of Seychelles controls the flow of the country's monetary supply.