CIMA Fundamentals of Business Economics BA1 Question # 105 Topic 11 Discussion

CIMA Fundamentals of Business Economics BA1 Question # 105 Topic 11 Discussion

BA1 Exam Topic 11 Question 105 Discussion:
Question #: 105
Topic #: 11

A business sells 10,000 units of its product pet month at a unit price of $10 It reduces the pnce to $88,000 per unit As a result its total reviewed $88,000 per month. What is the price elasticity of demand for this product?


A.

+1.87


B.

+0.6


C.

-2


D.

-0.5


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