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CIMAPRA17-BA1-1 Exam - Topic 1 Question 25 Discussion

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

Question #: 25
Topic #: 1

[All CIMAPRA17-BA1-1 Questions]

Which of the following would tend to make the market supply of a good price inelastic?

AThere are few barriers to entry into the industry.

BMany firms in the industry have unused production capacity.

CMost firms in the industry have high stock levels of finished goods.

DNewly employed workers in the industry require high levels of initial training.

Show Suggested Answer

Suggested Answer: D

by Herman at May 08, 2022, 04:32 PM

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Caren

9 months ago

D is a solid point, training costs can slow down adjustments in supply.

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Mitsue

9 months ago

Wait, are we sure about B? Unused capacity sounds like it could help supply.

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Myra

9 months ago

A is definitely not it, barriers usually increase supply elasticity.

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Carolynn

9 months ago

I disagree, D seems more relevant to inelasticity.

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Francis

10 months ago

C makes sense, high stock means less flexibility.

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Lavera

10 months ago

Based on my understanding, the WTO's primary role is to facilitate global trade agreements, so I'll select option D.

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Glynda

10 months ago

Okay, I think I've got this. MVPN Extranet would likely support PIM sparse mode, since that's a common multicast routing protocol used in VPNs. I'll go with option C.

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Carman

10 months ago

This seems straightforward to me. I'll recommend creating the product record and then releasing it to each company, allowing them to complete the setup variations as needed.

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