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

Question 9: What is the demand at a price of Rs. 35?

Question 9

+1 markNumerical answer

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”

What is the demand at a price of Rs. 35?

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Correct answer: 35.5 (accepted within ±1.5)

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Question 9 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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