Which of the following is one reason why, in early 2008, Microsoft announced a price cut on boxed copies of its operating systems Windows Vista Home Basic, Windows Vista Home Premium, and Windows Vista Ultimate in the Gulf region?
A) The demand for stand-alone Windows software is price elastic for less technology-enthusiastic consumers.
B) The demand for stand-alone Windows software is income inelastic.
C) Consumption of Microsoft products is decreasing.
D) Technology lovers have elastic demand on new software.

Question

Quizplus · Accepted Answer

The demand for stand-alone Windows software is price elastic for less technology-enthusiastic consumers, meaning that a decrease in price could lead to a significant increase in the quantity demanded by these consumers. This is a common reason for price cuts, aiming to boost sales among price-sensitive customers.

Which of the Following Is One Reason Why, in Early