CIMA BA1 Question Answer
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.
CIMA BA1 Summary
- Vendor: CIMA
- Product: BA1
- Update on: Jul 28, 2025
- Questions: 468
