CIMAPRA17-BA1-1 Exam - Topic 2 Question 124 Discussion

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

Question #: 124
Topic #: 2

A shift in the supply curve for a good will have the biggest effect on the market price when the demand curve for the good

Ais highly price elastic

Bis highly price inelastic

Chas unit price elasticity

Dis perfectly price elastic

Show Suggested Answer

Suggested Answer: B

by Renay at Apr 12, 2026, 06:06 AM

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2 days ago

I'm not entirely sure, but I remember a practice question where a shift in supply had a bigger impact when demand was elastic. Could it be A?

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7 days ago

I think the answer might be B, since inelastic demand means consumers won't change their quantity much with price changes.

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