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CIMA Advanced Management Accounting P2 Question # 36 Topic 4 Discussion

CIMA Advanced Management Accounting P2 Question # 36 Topic 4 Discussion

P2 Exam Topic 4 Question 36 Discussion:
Question #: 36
Topic #: 4

Product WB currently sells for $13 per unit. Annual demand at that price is 20,000 units. If the price increases to $15, the annual demand falls by 500 units.

What is the formula for the demand curve?


A.

 Q = a - bP


B.

P = f(Q).


C.

Qd = a – b(P


D.

P = a -b(Q)


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