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CIMA Exam CIMAPRA17-BA1-1 Topic 1 Question 37 Discussion
Actual exam question for
CIMA's
CIMAPRA17-BA1-1 exam
Question #: 37
Topic #: 1
[All CIMAPRA17-BA1-1 Questions]
Topic #: 1
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?
Suggested Answer:
B
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