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Business Analytics · Quiz 1 · 15 Mar 2026 · January 2026 term

Question 5: What is the elasticity at a price of Rs. 20? (Note: round…

Question 5

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The demand response curve for a product is believed to be to linear. Therefore, the relationship between demand and price is modelled as a simple linear regression. The regression model built using 20 data points is as specified fellow. Demand = 5482 – 175*Price Based on the above data, answer the given subquestions.

What is the elasticity at a price of Rs. 20? (Note: round your final answer to two decimal places. Example: If your answer is “1.2354” enter it as “1.24”)

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Question 5 of 20 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Business Analytics 15 Mar 26). It carries 1.5 marks.

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