This is a case study of economic about the relationship of the economic and software.

Question 1 A Expected relationship between the demand of software and the own price of software: This is an indirect relationship between the price of software and the quantity demand. A fall in price will cause the demand for software to expand while a rise in price will cause the demand for it to contract. The own price of the software has the affection to the demand of software. Customer usually would look at the price …

…gt;No close substitutes - market is controlled on the supply side by one seller. There are no comparable forms of communication. 3.<Tab/>Single firm 100% concentration - only a single seller of a commodity or service dealing with a large number of buyers. Because there is a single supplier of a good or service, therefore often used to suggest any situation in which a firm has considerable power over market price.