Multiple Choice
In 2011,Netflix raised prices on its DVDs and internet streaming plan.The Reed Hastings,CEO of Netflix,believes
A) Netflix is an industry leader thereby making the demand curve inelastic
B) Netflix is an industry leader thereby making the demand curve elastic
C) People are willing to pay more for the good
D) There are many substitutes to Netflix's products
Correct Answer:
Verified
Correct Answer:
Verified
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