Software companies continually work to develop new features of their products that make it easier for users to interact and share their work. As more of these features are embedded in the software, what happens to the individual demand curve for the software products?
A) Demand curve becomes more elastic due to the bandwagon effect.
B) Demand curve becomes less elastic due to the snob effect.
C) Demand curve shifts, but its degree of elasticity does not change.
D) There is no change in the individual demand curve.
Correct Answer:
Verified
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