CIMAPRA17-BA1-1 Exam - Topic 1 Question 37 Discussion

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

Question #: 37
Topic #: 1

A company currently sells 10,000 bottles of "bright pink" nail varnish every year at $5 per bottle If the price is reduced to $4.50 per bottle it is expected that the company will sell an extra 2,000 bottles

What is the price elasticity of demand of the nail varnish?

A-2.0

B+2.0

C-0.5

D+0.5

Show Suggested Answer

Suggested Answer: B

by Erick at May 04, 2022, 06:00 AM

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Millie

4 months ago

Totally agree, that price drop should boost sales!

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Alberto

4 months ago

I think the elasticity is -2.0, makes sense!

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Lonna

4 months ago

Wait, will they really sell 2,000 more? Sounds too optimistic.

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Dudley

4 months ago

If they drop to $4.50, that's a good deal!

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Kate

5 months ago

The original sales are 10,000 bottles at $5 each.

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Dacia

5 months ago

I'm a bit confused here. The code doesn't seem to mention anything about "systems" or any specific data structure. I'm not sure how to determine the answer from the information provided.

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Abel

5 months ago

Okay, I've got a strategy here. I'll eliminate the options that don't involve Cisco ISE, since the question specifically mentions that. Then I can focus on the ISE-related choices.

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Latia

5 months ago

I'm leaning towards option B, the mirrored-stripe. That should give us the best of both worlds - speed and redundancy.

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Novella

5 months ago

This looks like a straightforward question about the services provided by risk pools. I'll carefully read through the options and select the one that best matches the description.

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Cherry

5 months ago

Okay, I think I've got this. The interest cover ratio is calculated by dividing the operating profit by the interest expense. I just need to plug in the numbers from the profit and loss statement.

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