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

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 bottlesWhat is the price elasticity of demand of the nail varnish?
B) +2.0
A) -2.0
C) -0.5
D) +0.5

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

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 37
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

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?

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Suggested Answer: B

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

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Millie
10 months ago
Totally agree, that price drop should boost sales!
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Alberto
10 months ago
I think the elasticity is -2.0, makes sense!
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Lonna
11 months ago
Wait, will they really sell 2,000 more? Sounds too optimistic.
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Dudley
11 months ago
If they drop to $4.50, that's a good deal!
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Kate
11 months ago
The original sales are 10,000 bottles at $5 each.
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Dacia
11 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
11 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
11 months ago
I'm leaning towards option B, the mirrored-stripe. That should give us the best of both worlds - speed and redundancy.
upvoted 0 times
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Novella
11 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.
upvoted 0 times
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Cherry
11 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.
upvoted 0 times
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