Which of the Following Would Lead to an Increase in the Demand

question 229

Multiple Choice

Which of the following would lead to an increase in the demand for computer software?

• A) A decrease in the price of computer software.
• B) A decrease in the price of personal computers.
• C) An decrease in the cost of producing computer software.
• D) An decrease in personal income.

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Definitions:

Third Party

An entity that is not directly involved in a transaction or agreement but may be affected by it or have an interest in it.

Obligee

The party in a contract who is entitled to receive a performance or service from another party (the obligor).

Donee Beneficiary

A donee beneficiary is someone who benefits from a contract in which the promisor agrees to give a gift or confer a benefit to the beneficiary.

Promisor

The party in a contract who has made a promise to perform an action or service for the other party, known as the promisee.