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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 of the product before they do any purchases and they always to buy the product if the price is reasonable for them or else they are not going to buy it unless they really want it badly In the other word as price gets higher people want less of a particular product The relationship between the demand of software and the price of computers Price of related goods substitutes and complements Two products are complements for one another then a fall in the price of one will cause a increase in the demand for the other Alternatively a rise in the price of one will cause a decrease in the demand for the other Simply if price of computers raise then price of software will fall The relationship between the demand of software and the real disposable income As peoples income raises demand for goods and services rise too The amount of income that buyers have available to spend on a good affects the ability to purchase a good In general income has a direct affect on the ability to buy a good that is more income means more buying However income can actually affect demand in two ways For normal goods more income means more demand For inferior goods however more income means less demand Goods which obey this rule are called - Normal Goods However the exception to this is an inferior good Demand for inferior goods will fall as income real purchases power rises
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