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After a Program Is in Use, Changes Made to It

question 16

Short Answer

After a program is in use, changes made to it to enhance functionality or fix errors is called _______________.


Definitions:

Market Demand

The total quantity of a product or service that consumers are willing and able to purchase at various prices.

Perfectly Competitive

A perfectly competitive market is one where there are many buyers and sellers, all dealing in identical products, and where no single entity can influence the market price.

Perfectly Elastic

Describes a market situation in which the quantity demanded or supplied changes by an infinite amount in response to any change in price.

Demand Curve

A graphical representation showing the relationship between the price of a product and the amount of it that consumers are willing to purchase at various prices.

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