BA1 無料問題集「CIMA Fundamentals of Business Economics」
The economy of Country V is initially in equilibrium at a level of national income and employment denoted by Y, at price level denoted by P If there is an increase in aggregate demand, indicate on the graph below the new equilibrium point in the economy.


正解:
P2, Y2
Company GHI wishes to develop a linear model for forecasting tractor sales based on the number of sales people it employs. In the model, tractor sales will be the dependent variable and the number of sales people the independent variable The company has collected sales data from each of its branches over the past year which has been reported below:




正解:
0.80
A business was selling 20,000 units of its product per month at a price of $10. When it lowers its price to $9 it finds that its sales rise to 24,000 units per month.
The price elasticity of demand for this firm's product is _____?
The price elasticity of demand for this firm's product is _____?
正解:
-2
rson's correlation coefficient between the number of shirts sold per day (x) and the number of jackets sold per day (y), across its eight stores (n=8).

what is the Pearson's correlation coefficient? Give your answer to two decimal places.

what is the Pearson's correlation coefficient? Give your answer to two decimal places.
正解:
0.83