# Thread: FREE CFA Level 1 sample questions everyday for December 2010 candidates

1. Originally Posted by jacob b
I disagree the correct answer I think is A. Your formula is a drop off. The correct formula for elasticity of demand is:

% change in Q demanded / % change in price

so you are correct in that you need to solve for % change in Q demanded to be .36, however % change = Q1-Q2/Avg Quantity

so to get your % change equal to .36 you will have 150-104.24/(150-104.24)/2 = 45.76/127.12 = 36%

now your price elasticity of 1.2 = .36/.30
Jacob...You can check this post:
http://www.daulatguru.com/finance-fo...ull=1#post1016

2. Thank You Team DG...For providing valuable information and questions.Hope all members of DG pass CFA Level 1 with flying colors...

3. All the best to CFA Level 1 candidates!

http://www.cfainstitute.org/cfaprogr...er_update.aspx

4. Thank you Nidhi...

5. Hi Friends,
I am new to the CFA world. Hope to get your support and assistance. Thanks in advance...

6. Welcome Kunal!

@DG Members
December 2010 Level I CFA exam results will be emailed on Tuesday, 25 January 2011, no earlier than 9:00 am ET.

7. December 2010 Level I CFA exam results have been emailed to candidates and will be available tomorrow, 26 January'11, on CFA Institute's website, after 7:30pm IST. Candidates will need to login.

8. Congratulations Time4apogee, Shiva and other DG members who have passed the Level 1 CFA exam!

9. Admin - Can we do this for L2 as well. The same class will participate.

10. I agree with Isb2012. It will be good to have the same series for Level 2 CFA exam.