F1 Chapter 19 Questions
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Can you pls explain the last question ? The answer is ” Proportional change in volume = 10% , proportional change in price = 25% ” . What is the calculation for these ? Many Thanks
(25 – 20)/ 20 = 25%
(10000 – 9000) 10000 = 10%
The last question was confusing for me. Why is it more averting and not decreasing prices?
If that could be expanded?
Thank you
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Changing price moves you along the demand curve to a different volume.
Advertising shifts the demand curve so that at the same price you will sell more (if the ad campaign is successful).
Thank you opentution
100%
For question number 7. PED is always negative. why should we not include the negative sign?
It is purely convention. If it is always negative, no need for the sign.
I would have put the negative. Would I be penalised in the exam for this?
It would depend onnhow ACCA sets up their marking system.
75%
Please note that for the last question “A reduction in the price of complements” would be correct as per the result, however it was not given among the quiz choices for selection.
You are given that choice. 8 choices are given, but you would have to scroll to see all of them.
Got 62.5%
50%
can we have the answers please
They appear once tou score 50%
I got 75%
how to knows the answer?
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