CIMA Related Exams
BA1 Exam
A rise in the demand for petrol by motorists is likely to follow a rise in the price of:
A wireless phone manufacturer currently sells 2,000 units per quarter at a price of $400 The estimated price elasticity of demand is -2.5.
The manufacturer is considering an increase in the price to $440
What will this raise (+) or reduce (-) total revenue by? Give your answer in whole numbers.
Which ONE of the following best explains the statement 'In not for profit organizations money is a constraint and not a goal'?