Question 1
A good with a horizontal demand curve has a demand
With an income elasticity of demand as 0
With a price elasticity of demand as infinity
For which there are no substitute
With a price elasticity of demand as 0
Question 2
Which of the following graphs shows the correct relationship between a firm’s average total cost and average variable cost curves?
Question 3
Given the below figure on the relationship between price, supply and demand, what are the equilibrium price, surplus price and shortage price respectively?
Rs. 33, Rs. 40 and Rs. 50
Rs. 33, Rs. 50 and Rs. 40
Rs. 280, Rs. 300 and Rs. 200
Rs. 280, Rs. 200 and Rs. 300
36 more questions in this paper
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More on the BDM End Term 7 Aug 2022 Set QPB1 paper
The IIT Madras BS Business Data Management (BDM) End Term paper sat on 7 Aug 2022, in the May 2022 term, set QPB1: 39 questions for 40 marks in 180 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | BDM End Term 7 Aug 2022 Set QPB1 at a glance |
|---|---|
| Term | May 2022 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 39 |
| Marks | 40 |
| Duration | 180 min |
| MCQ | 27 |
| MSQ | 7 |
| Numerical | 5 |
| Official paper | IIT M FOUNDATION DIPLOMA ENDTERM QPD1 07 Aug 2022 IBA NS |
| Negative marking | No negative marking. |
| Updated |