In 2011,Netflix Raised Prices on Its DVDs and Internet Streaming

question 46

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

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Definitions:

Movie Tie-ins

Products marketed through a partnership with a cinematic release, intended to capitalize on the film's popularity and boost sales.

Advertising

The activity or profession of producing advertisements for commercial products or services.