CIMA Exam CIMAPRO19-P02-1 Topic 1 Question 77 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam

Question #: 77
Topic #: 1

Product WB currently sells for $13 per unit. Annual demand at that price is 20,000 units. If the price increases to $15, the annual demand falls by 500 units.

What is the formula for the demand curve?

AQ = a - bP

BP = f(Q).

CQd = a -- b(P

DP = a -b(Q)

Show Suggested Answer

Suggested Answer: C

by Vi at Nov 27, 2023, 03:00 PM

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Ardella

10 hours ago

D looks tempting, but I think that's the formula for the supply curve, not the demand curve. Gotta remember to keep those straight!

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Martina

5 days ago

I'm not sure about this one. There's a lot of information to unpack. Maybe I should review the concept of demand curves again before attempting this question.

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Elenor

15 days ago

A seems like the right formula, with Q representing quantity and P representing price. The given information about the demand changes with price suggests a linear demand curve.

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