CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 20 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam

Question #: 20
Topic #: 1

A business sells 10,000 units of its product pet month at a unit price of $10 It reduces the pnce to $88,000 per unit As a result its total reviewed $88,000 per month. What is the price elasticity of demand for this product?

A+1.87

B+0.6

C-2

D-0.5

Show Suggested Answer

Suggested Answer: D

by Beatriz at May 03, 2022, 08:31 AM

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