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Business Analytics · Quiz 2 · 16 Mar 2025 · January 2025 term

Question 2: The demand-response curve for a product is expected to be…

Question 2

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The demand-response curve for a product is expected to be non-linear curve. It is noted that the demand was 1000 units at a price of Rs.80 and 2500 units at a price of Rs. 40. Then, at a price of Rs. 60, what is the expected demand? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “10.235”, then enter it as “10.24”)

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Correct answer: 1462.5 (accepted within ±7.5)

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Question 2 of 21 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 16 Mar 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD2 16 Mar 2025). It carries 1 mark.

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