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Business Analytics · Quiz 2 · 3 Dec 2023 · September 2023 term

Question 10: Based on the elasticity what can be the conclusion?

Question 10

+1 markOne correct option

The demand for Diyas at a shop is as given in below figure. If the demand is expected to follow a constant elasticity curve, then answer the given subquestions
Note: For all questions in this comprehension, enter your answer in decimals rounded to two decimal places. For example, if your answer is “20.3247” then enter it as “20.32”

Based on the elasticity what can be the conclusion?

  1. A

    The demand is elastic

  2. B

    The demand is in-elastic

  3. C

    Need more information to comment on elasticity

Show answer

Correct answer

  • B

    The demand is in-elastic

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Question 10 of 20 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 3 Dec 2023, in the September 2023 term (IIT M DIPLOMA AN2 EXAM QDD2 03 Dec 2023). It carries 1 mark.

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