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Business Analytics · Quiz 1 · 26 Oct 2025 · September 2025 term

Question 1: Latent demand in a demand-response curve is the area obta…

Question 1

+1 markOne correct option

Latent demand in a demand-response curve is the area obtained when?

  1. A

    Price is reduced below the identified optimal price

  2. B

    Price is increased beyond the identified optimal price

  3. C

    The optimal price is increased beyond the maximum available price

  4. D

    Quantity is reduced below the identified optimal quantity

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Correct answer

  • A

    Price is reduced below the identified optimal price

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Question 1 of 15 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 26 Oct 2025, in the September 2025 term (IIT M DIPLOMA AN EXAM QDD2 26 Oct 2025). It carries 1 mark.

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