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 111 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
:D TYSM

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

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?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Hormonal regulation of digestion rate in the stomach and small intestine. Hormonal regulation of digestion rate in the stomach and small intestine.
Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th Firing Rate of Individual SCN Neurons in a Tissue Culture Color bars have been added to emphasize th
Stethoscope with both a bell and flat disc amplifier. Stethoscope with both a bell and flat disc amplifier.
Online Dating Online Dating
Fluidization - Reaction Rate Chart Fluidization - Reaction Rate Chart
Rate order question Rate order question
Video: Bulk flow - factors that influence bulk flow

For a complete list of videos, visit our video library