A business sells soft drinks at S3 a bottle and its current sales are 20,000...

CIMA BA1 Question Answer

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:

-S3,300

+54.800

-SI 6.800

+S4.000

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A business sells soft drinks at S3 a bottle and its current sales are 20,000...

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