CIMA Exam CIMAPRO19-P02-1 Topic 1 Question 77 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam

Question #: 77
Topic #: 1

Product WB currently sells for $13 per unit. Annual demand at that price is 20,000 units. If the price increases to $15, the annual demand falls by 500 units.

What is the formula for the demand curve?

AQ = a - bP

BP = f(Q).

CQd = a -- b(P

DP = a -b(Q)

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Suggested Answer: C

by Vi at Nov 27, 2023, 03:00 PM

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Marvel

2 days ago

I agree with Emogene, because the quantity demanded decreases as the price increases.

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Emogene

3 days ago

I think the formula for the demand curve is Q = a - bP.

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