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
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.
Ha says
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
Ken Garrett says
(25 – 20)/ 20 = 25%
(10000 – 9000) 10000 = 10%
shanazf says
The last question was confusing for me. Why is it more averting and not decreasing prices?
If that could be expanded?
Thank you
shanazf says
Advertising*
Ken Garrett says
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).
tawandadenhere says
Thank you opentution
nevaiddzimunya says
100%
arounen says
For question number 7. PED is always negative. why should we not include the negative sign?
Ken Garrett says
It is purely convention. If it is always negative, no need for the sign.
accali18 says
I would have put the negative. Would I be penalised in the exam for this?
Ken Garrett says
It would depend onnhow ACCA sets up their marking system.
cyrille10 says
75%
dale1234 says
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.
Ken Garrett says
You are given that choice. 8 choices are given, but you would have to scroll to see all of them.
pamelan says
Got 62.5%
angelinah says
50%
mcharaz says
can we have the answers please
Ken Garrett says
They appear once tou score 50%
goldenthandi22 says
I got 75%
puterri says
how to knows the answer?
noor12 says
Got 62.5
alphonsus says
Scored 50%
nelsonpande98 says
helpfull
shaikh farman ullah says
62.5
linos says
helpfull
makonitheresa1983 says
Helpfull
mahindro says
Helpfulllll
mahindro says
Helpful