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Business Analytics · Quiz 2 · 3 Aug 2025 · May 2025 term

Question 17: What is the value of “Constant” (“C”) for the constant e…

Question 17

+0.5 marksNumerical answer

A demand response curve has a constant price elasticity of +0.6. If the price of the product is 100 and the corresponding demand is 200, then answer the given subquestions.

What is the value of “Constant” (“C”) for the constant elasticity model? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.234”, then enter it as “1.23”)

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Correct answer: 3169.5 (accepted within ±0.5)

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Question 17 of 18 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 3 Aug 2025, in the May 2025 term (IIT M DEGREE AN EXAM QDB2 03 Aug 2025). It carries 0.5 marks.

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