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Hello Tutor, hope you are doing well.
Can we examined about the possible change in Revenue, Cost and Profit bases upon the Price Elasticity of Demand.
As in past a lot of students have pointed out flaws in statements made by B.P.P about possible impact of Price Elasticity on Revenue, Cost and Profit
The syllabus has ………….Calculate and explain the elasticity of demand…… as an examinable topic.
It is one part of pricing which is examined in 8 different ways. You are putting far too much emphasis on an area which will probably not come up or if it does it will be only be worth a few marks.
Watch the videos and read the ACCA articles on elasticity
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