Danika is looking to purchase a new laptop for her universitystudies. She will need to use Microsoft Office on the laptop.However, retailers sell laptops and the Microsoft Office Softwareseparately. JB Hi-Fi is having a sale, offering customers a 50%discount on the usual Microsoft Office price with any laptop theypurchase. Which of the following statements are true:
1) The decrease in price of Microsoft Office offered by JB Hi-Fiwill cause a decrease in the quantity demanded of the laptops theysell.
2) The decrease in price of Microsoft Office offered by JB Hi-Fiwill cause an increase in both demand and quantity demanded forlaptops they sell.
3) The decrease in the price of Microsoft Office offered by JBHi-Fi will only result in an increase in the quantity demanded forlaptops they sell.
4) Economic theory is unable to predict if there would be anyshift in demand with JB Hi-Fi’s 50% discount offer.
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