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 197 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
Excellent

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
Linesman’s pliers are very useful because they can help perform many automotive service jobs. Linesman’s pliers are very useful because they can help perform many automotive service jobs.
After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ... After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ...
Types of ecosystem service vs. total global value per year Types of ecosystem service vs. total global value per year
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Outgroup role in relative rate test Outgroup role in relative rate test
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library