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

Business Analytics End Term 11 Dec 2022 — Question 22

Question 22

+2 marksOne or more correct options

What is the meaning of an Elasticity of 2?

Select all that apply.

  1. A

    10% reduction in price will yield a 20% increase in sales

  2. B

    10% reduction in price will yield a 20% decrease in sales

  3. C

    25% increase in price will yield 50% increase in sales

  4. D

    25% increase in price will yield 50% decrease in sales

Show answer

Correct answers

  • A

    10% reduction in price will yield a 20% increase in sales

  • D

    25% increase in price will yield 50% decrease in sales

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Question 22 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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