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Pricing Decisions.

Forums › ACCA Forums › ACCA PM Performance Management Forums › Pricing Decisions.

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • March 15, 2021 at 4:19 pm #614481
    agboolakenny84
    Participant
    • Topics: 19
    • Replies: 105
    • ☆☆

    Good day Mr John.
    I have issues with Kaplan’s answer for Question 84 – Section A in their revision kit .
    Isn’t – x – = +
    In the revision kit for P = a – bQ , when b was negative initially, 2 negatives ( – x -)equals positive ( + )but the revision kit’s answer is showing the 2 negatives ( – x -) and negative instead of positive.

    March 16, 2021 at 9:30 am #614505
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    In future you must ask in the Ask the Tutor Forum if you want me to answer. This forum is for students to help each other.

    I do not have the Kaplan books – only the BPP Revision Kit.

    However, in the price demand equation bQ is always subtracted from ‘a’ , for the reasons I explain in my free lectures. It would never make any sense for it to be added, because the whole idea is that the the lower the selling price, the greater the demand.

    March 16, 2021 at 4:25 pm #614539
    agboolakenny84
    Participant
    • Topics: 19
    • Replies: 105
    • ☆☆

    Thank you sir.

    March 16, 2021 at 5:27 pm #614546
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54655
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Pricing Decisions.’ is closed to new replies.

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