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Managerial Economics · Quiz 2 · 16 Aug 2026 · May 2026 term

Question 19: Suppose that both Air India and Indigo charge a price of…

Question 19

+1 markNumerical answer

Based on the above data, answer the given subquestions.

Suppose that both Air India and Indigo charge a price of $300 each for a round-trip ticket between Kolkata and Delhi. What is the price elasticity of demand for Indigo flights between Kolkata and Delhi? (please ignore the sign)

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Correct answer: 1

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Question 19 of 28 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 16 Aug 2026, in the May 2026 term (Managerial Economics 16 Aug 26). It carries 1 mark.

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