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Business Data Management · Quiz 1 · 5 Jun 2022 · May 2022 term

Question 10: Based on price elasticity, which of the following pairs …

Question 10

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The table provides data on rice sold (25Kg Bags) and price (Rs./ 25Kg Bag) at a rice wholesaler for the first 5 months of the year. Then answer the given subquestions.

Based on price elasticity, which of the following pairs of Months indicate that Rice is an inelastic item?.

Select all that apply.

  1. A

    Month 1 to Month 2

  2. B

    Month 2 to Month 3

  3. C

    Month 3 to Month 4

  4. D

    Month 4 to Month 5

  5. E

    None of these

Show answer

Correct answer

  • C

    Month 3 to Month 4

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Question 10 of 20 in the IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 5 Jun 2022, in the May 2022 term (IIT M DIPLOMA QUIZ1 EXAM QPE1 05 Jun 2022 IBA). It carries 1 mark.

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