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Business Analytics · End Term · 11 Dec 2022 · September 2022 term · Set ETD1

Question 17: Which of the following data will you use to calculate pr…

Question 17

+2 marksOne correct option

Which of the following data will you use to calculate price elasticity?

  1. A

    Protein-powder sales increases by 10% when the national income grows by 15%.

  2. B

    Tea sales increases by 10% when daily average working hours of employees goes up by 2 hrs .

  3. C

    Paneer (Indian Cottage Cheese) sales go down by 10% when price goes up from Rs.100 to Rs.120 per 200 gram.

  4. D

    All of these

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Correct answer

  • C

    Paneer (Indian Cottage Cheese) sales go down by 10% when price goes up from Rs.100 to Rs.120 per 200 gram.

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Question 17 of 31 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 11 Dec 2022, in the September 2022 term (IIT M DIPLOMA AN1 EXAM ETD1 11 Dec 2022). It carries 2 marks.

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