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.
Following are a few examples from a recent price survey of the cost of goods and services in the Seychelles. For convenience, prices are shown in Euros. You can use the above chart to convert the amount to Dollars, Pounds or Rupees. Local retail prices and hotel prices are shown for comparison.