CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 33 Discussion

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

Question #: 33
Topic #: 1

A business sells soft drinks at S3 a bottle and its current sales are 20,000 bottles per month. The price elasticity of demand for this product is -2 If the price is reduced to $2 70, the change in the total revenue for the business will be:

A-S3,300

B+54.800

C-SI 6.800

D+S4.000

Show Suggested Answer

Suggested Answer: A

by Blair at May 05, 2022, 09:47 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA1-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!