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

Question 22: What is the value of the “constant” in the non-linear de…

Question 22

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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 value of the “constant” in the non-linear demand response curve function? (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: 17301 (accepted within ±3)

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Question 22 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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