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

Question 6: If the price changes from Rs.20 to Rs.25, then what is th…

Question 6

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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.

If the price changes from Rs.20 to Rs.25, then what is the elasticity of the curve between these two price points? (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 6 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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