you should (Points : 4)increase the price of the software.decrease the price of the software.hold the price of the software constant.increase the supply of the software.Question 8. 8. (TCO 2) The price elasticity of demand increases with the length of the period considered because (Points : 4)consumers’ incomes will increase over time.the demand curve will shift outward as time passes.all prices will increase over time.consumers will be better able to find substitutes.Question 9. 9. (TCO 2) A profit-maximizing firm in the short run will expand output (Points : 4)until marginal cost begins to rise.until total revenue equals total cost.until marginal cost equals average variable cost.as long as marginal revenue is greater than marginal cost.Question 10. 10. (TCO 2) Which case below best represents a case of price discrimination? (Points : 4)Question 12. 12. (TCO 3) The main difference between the short run and the long run is that (Points : 4)firms earn zero profits in the long run.the long run always refers to a time period of one year or longer.in the short run

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