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Business Analytics · Quiz 2 · 23 Nov 2025 · September 2025 term

Question 21: What is the elasticity of the curve?\ (Note: If your ans…

Question 21

+1 markNumerical answer

Say a demand response curve is modelled as a constant elasticity curve. If Q1 is 4400 units, Q2 is 2500 units, P1 is Rs. 50 and P2 is Rs. 250, Then answer the given subquestions.

What is the elasticity of the curve?
(Note: If your answer is in decimal, enter it rounded to two decimal places. For example, if your answer is “10.256”, enter it as “10.26”)

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Correct answer: 0.35 (accepted within ±0.02)

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Question 21 of 22 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 23 Nov 2025, in the September 2025 term (IIT M DIPLOMA AN EXAM QDD2 23 Nov 2025 NEW). It carries 1 mark.

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