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Business Data Management · Quiz 1 · 26 Feb 2023 · January 2023 term

Question 7: A product X has no substitutes. Then (theoretically), the…

Question 7

+1 markOne correct option

A product X has no substitutes. Then (theoretically), the demand curve for the product X will be:

  1. A

    Horizontal

  2. B

    Inclined at 45 degrees

  3. C

    Vertical

  4. D

    Inclined at 45 degrees until the price reaches the competition, and then horizontal

  5. E

    Inclined at 45 degrees until the price reaches the competition, and then vertical

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Correct answer

  • C

    Vertical

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Question 7 of 10 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 26 Feb 2023, in the January 2023 term (IIT M DIPLOMA AN2 EXAM QPD2 26 Feb 2023). It carries 1 mark.

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