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CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 33 Discussion
Actual exam question for
CIMA's
CIMAPRA17-BA1-1 exam
Question #: 33
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]
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:
Suggested Answer:
A
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