CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 37 Discussion

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

Question #: 37
Topic #: 1

A company currently sells 10,000 bottles of "bright pink" nail varnish every year at $5 per bottle If the price is reduced to $4.50 per bottle it is expected that the company will sell an extra 2,000 bottles

What is the price elasticity of demand of the nail varnish?

A-2.0

B+2.0

C-0.5

D+0.5

Show Suggested Answer

Suggested Answer: B

by Erick at May 04, 2022, 06:00 AM

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