Napster Was the First Software That Allowed an Individual to Easily

question 97

Multiple Choice

Napster was the first software that allowed an individual to easily search for and exchange MP3 music files with other individuals (in some cases illegally) .When it was introduced,Napster would have been an example of a

• A) continuous innovation.
• B) dynamically continuous innovation.
• C) regulatory innovation.
• D) discontinuous innovation.
• E) disruptive improvement.

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Definitions:

Elastic Demand

A market situation where the demand for a product is significantly influenced by changes in its price.

Elastic Demand

A situation in which the demand for a product or service significantly changes in response to changes in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price point.

Percentage Increase

A measure of how much a quantity has grown compared to its original number, expressed as a percentage.