CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 65 Discussion

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

Question #: 65
Topic #: 1

Which of the following sets of conditions will lead to greater stability (or convergence) of prices in the Cobweb model (or Cobweb theorem)?

APrice elastic demand, price inelastic supply

BPrice inelastic demand, price elastic supply

CPrice elastic demand, price elastic supply

DPrice inelastic demand, price inelastic supply

Show Suggested Answer

Suggested Answer: A

by Barbra at Feb 07, 2023, 10:16 PM

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