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CIMAPRA17-BA1-1 Exam - Topic 1 Question 81 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 81
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]

If the price of a good is held above the equilibrium price, the result will be

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Suggested Answer: D

by Tresa at Feb 10, 2024, 12:49 PM

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Sunshine
3 months ago
Just to clarify, it’s B - a surplus happens when prices are too high!
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Zoila
3 months ago
I thought higher prices meant more demand, not surplus?
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Santos
3 months ago
Wait, how does that even work?
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Sharen
4 months ago
I agree, B is the right answer!
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Nan
4 months ago
Definitely a surplus in the market.
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Graciela
4 months ago
I vaguely recall something about how prices above equilibrium can cause issues in the market, but I can't remember the exact details.
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Chauncey
4 months ago
I practiced a similar question where a price above equilibrium definitely resulted in a surplus. So, I’m leaning towards option B.
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Thurman
4 months ago
I'm not entirely sure, but I feel like a higher price might create excess demand instead. I need to double-check that concept.
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Nicolette
5 months ago
I think if the price is above equilibrium, it leads to a surplus, right? I remember something about supply exceeding demand in that case.
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Cyril
5 months ago
I'm a little confused on this one. Is it saying the price is held above the equilibrium, or that the price is the equilibrium price? I want to make sure I understand the question properly.
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Valentine
5 months ago
I'm confident the answer is A - a shortage in the market. That's what happens when the price is artificially set above the equilibrium level.
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Elfriede
5 months ago
Okay, I remember learning about this in class. The key is that when the price is above the equilibrium, quantity demanded will be less than quantity supplied, leading to a surplus.
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Ramonita
5 months ago
This one seems pretty straightforward. If the price is held above the equilibrium price, there will be a shortage in the market.
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Jesusita
5 months ago
Hmm, I'm not totally sure about this one. I'll have to think it through carefully before answering.
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Markus
5 months ago
I'm a little confused by this question. There are a few different methods mentioned, and I'm not sure which one would be the most appropriate for this scenario. I'll need to carefully consider the details and review my course materials to make the best choice.
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Helene
5 months ago
I'm a bit confused on this one. I know quality is important in agile, but I'm not sure if it's just the team or if other stakeholders are involved too. I'll have to think about this one.
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Haley
5 months ago
No problem, I've got this. Expanding the binomial and then combining like terms is a straightforward process. And evaluating the natural log of e^3x is just 3x. I'll have the simplified expression in no time.
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Marcelle
10 months ago
Price ceiling, huh? Sounds like someone's trying to control the free market. All I know is, if the price is too high, I'm not buying! Time to start a black market for this good.
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Ahmed
9 months ago
Looks like we might have to find another way to get what we need.
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Dyan
9 months ago
Yeah, that's right. It means there won't be enough of the good to go around.
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Lavonda
9 months ago
I heard if the price is above equilibrium, there will be a shortage.
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Jaime
10 months ago
Ooh, a trick question! If the price is fixed above the equilibrium, the demand will drop, so D - an increase in the demand for the good. Wait, what? I think I need to brush up on my Econ 101.
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Leota
8 months ago
Oh, I see now. It's not D) an increase in the demand for the good.
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Tabetha
9 months ago
Actually, it's C) excess demand for the good.
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Jamika
9 months ago
No, I believe it's B) a surplus in the market.
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Bettina
9 months ago
I think the answer is A) a shortage in the market.
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Nichelle
10 months ago
I disagree, I think the answer is B) a surplus in the market. When the price is too high, producers will produce more than consumers want to buy.
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Denise
10 months ago
I agree with King, because if the price is above equilibrium, there will be more demand than supply.
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Lelia
10 months ago
Oh, I know this one! If the price is artificially high, the market will have more buyers than sellers. B - a surplus in the market. Capitalism at its finest!
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Adelina
9 months ago
B) a surplus in the market
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Tenesha
9 months ago
A) a shortage in the market
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Felicia
10 months ago
B) a surplus in the market
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Deangelo
10 months ago
A) a shortage in the market
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Lemuel
11 months ago
Hmm, let's see. If the price is held above the equilibrium, the demand will exceed the supply. That's gotta be C - excess demand. Textbook stuff, really.
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Chuck
10 months ago
C) excess demand for the good
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Jin
10 months ago
B) a surplus in the market
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Paris
10 months ago
A) a shortage in the market
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Mary
11 months ago
Ah, the old price ceiling dilemma! I remember this one from my Econ 101 days. Obviously, the answer is A - a shortage in the market. Classic supply and demand, folks.
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King
11 months ago
I think the answer is A) a shortage in the market.
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