CIMAPRA17-BA1-1 Exam - 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

Raina

4 months ago

Revenue definitely changes, but I’m not sure about that exact number.

upvoted 0 times

...

Hui

4 months ago

I think it's +$4,000 based on the calculations.

upvoted 0 times

...

Truman

4 months ago

Wait, how can revenue go up if the price is lower? Sounds off.

upvoted 0 times

...

Catina

4 months ago

Totally agree, a price drop should boost sales significantly!

upvoted 0 times

...

Theola

5 months ago

The price elasticity is -2, so demand is quite responsive.

upvoted 0 times

...

Willodean

5 months ago

Okay, I think I've got this. Importing the table and adding a filter is the right solution here. As long as the filter step meets the requirements, this should work.

upvoted 0 times

...

Shonda

5 months ago

This looks like a tricky question. I'll need to carefully review the syntax for using macros in Splunk searches.

upvoted 0 times

...

Sang

5 months ago

I remember discussing the importance of testing with different device quantities. Option D might be the best choice after all.

upvoted 0 times

...

Francisca

5 months ago

I remember learning about the different parts of a BMP file in class. I think the information header is the one that specifies the dimensions and other technical details, so I'll go with option C.

upvoted 0 times

...