High Demand for Online Video Streaming Options Is One of Netflix's

question 65

True/False

High demand for online video streaming options is one of Netflix's core competencies.

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Definitions:

Price Elasticity

How significantly the need for a good is affected by shifts in its price point.

Consumption

The use of goods and services by households.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.