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

Question 18: What should be the price to achieve a demand of 300? (No…

Question 18

+1 markNumerical 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 should be the price to achieve a demand of 300? (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: 55 (accepted within ±5)

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Question 18 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 1 mark.

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