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

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Raina

7 months ago

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

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Hui

7 months ago

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

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Truman

7 months ago

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

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Catina

8 months ago

Totally agree, a price drop should boost sales significantly!

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Theola

8 months ago

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

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Willodean

8 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.

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Shonda

8 months ago

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

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Sang

8 months ago

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

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Francisca

8 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.

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