This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Netflix is the largest online DVD rental service offering flat rate online streaming to customers in ... (Read 185 times)

EAugust

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
Netflix is the largest online DVD rental service offering flat rate online streaming to customers in the United States. Currently, there are approximately 8 million subscribers.
 
  Suppose Netflix decreases its flat rate rental by 10 percent and an additional 1 million people subscribe. This information means that Netflix's demand is A) elastic.
  B) inelastic.
  C) unit elastic.
  D) perfectly elastic.

Question 2

If the government regulates the market in the above figure in a way to achieve efficiency, then ________ tons of paper will be produced and consumed.
 
  A) 0
  B) 100
  C) 200
  D) None of the above answers is correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


EAugust

  • Member
  • Posts: 550
Reply 2 on: Jun 29, 2018
Gracias!

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
For this bimolecular reaction, the rate constant k is second order For this bimolecular reaction, the rate constant k is second order
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
Stethoscope with both a bell and flat disc amplifier. Stethoscope with both a bell and flat disc amplifier.
Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ... Note the discovery as the air filter housing was opened during service on a Pontiac Bonneville. The ...
The rate of facilitated diffusion The rate of facilitated diffusion
Video: Allergic Rhinitis

For a complete list of videos, visit our video library