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Price Elasticity of Demand

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Price Elasticity of Demand

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by LMR1006.
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  • April 16, 2023 at 3:08 am #682677
    VikasK
    Participant
    • Topics: 98
    • Replies: 118
    • ☆☆☆

    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

    April 17, 2023 at 8:10 am #682909
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1508
    • ☆☆☆☆☆

    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.

    https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f5/syllabus-study-guide.html#

    Watch the videos and read the ACCA articles on elasticity

    https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f5/technical-articles/pricing-1.html

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