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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Solange

1 months ago

Hey, at least they didn't ask us to draw the demand curve. I'm terrible at graphs, so I'd probably just end up sketching a stick figure instead.

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Maryann

2 days ago

C) Qd = a -- b(P

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Elza

8 days ago

A) Q = a - bP

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Gerald

1 months ago

This is a tricky one. I'm leaning towards A, but I'll double-check my work just to be sure. Can't afford to mess up on the certification exam!

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Marshall

23 hours ago

User 3: Yeah, we can't afford to mess up on the certification exam.

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Chun

6 days ago

User 2: That makes sense, but let's double-check our work just to be sure.

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Tresa

20 days ago

User 1: I think the formula for the demand curve is A) Q = a - bP

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Ardella

2 months 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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Aleta

6 days ago

B) P = f(Q).

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Andrew

7 days ago

A) Q = a - bP

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Jesusa

20 days ago

Yeah, you're right. D is for the supply curve, not the demand curve.

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Jerry

21 days ago

C) Qd = a -- b(P

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Georgene

1 months ago

B) P = f(Q).

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Staci

2 months ago

A) Q = a - bP

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Martina

2 months 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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Chanel

20 days ago

No, I believe the correct formula is A) Q = a - bP

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Antonio

28 days ago

C) Qd = a -- b(P

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Mari

1 months ago

I think the formula for the demand curve is A) Q = a - bP

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Gianna

2 months ago

A) Q = a - bP

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Elenor

2 months 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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