Question: ( Last Word ) Microsoft charges a substantially lower price for a software upgrade than for the initial purchase of the software. This implies that

(

Last Word

)

Microsoft charges a substantially lower price for a software upgrade than for the initial purchase of the software. This implies that Microsoft views the demand curve for the software upgrade to be

more elastic than the demand for the original software.

upsloping rather than downsloping.

less elastic than the demand for the original software.

of less value than the original software.

(Last Word) Microsoft charges a substantially lower price for a software

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