1. Netix increased prices for basic plans from $10.99 to $12.99. Though a $2 increase doesn't seem like much, percentage wise it's a price jump of 1896. Consequently, NetElix saw only 2.? million net adds, though it had forecast 5 million global net adds. Which elasticity of demand is this? Explain. Answer: 2. Nettlix had expected a jump in their revenues, but instead they lost some. What type of elasticity of supply might they have if they thought they could expand enough by raising revenues and adding many shows to their lineup? Answer: 3. More than 4 in 5 Tesla customers - 80.5 percent - buy or lease another Tesla when they return to market. What type of elasticity of demand does this appear to be? Explain your choice. Answer: 4. Electric cars, in general, have very tight elasticity of demand. Using the determinants of price elasticity of demand, explain why this is the case. Answer: 5. Though the price of Tesla tends to rise, the production of Tesla doesn't catch up quickly enough. What then does this make the elasticity of supply of Tesla? Explain. Answer:a. With a Streamlined supply chain, called 1ii'endor Managed Inventory (VLrII), what elasticity of supply does 1Walmart appear to have? Defend your reply with an explanation. Answer: 3?. Based on the article above, which determinants of price elasticity of supply are obvious? Answer: 3. During the crisis of COED19, Walmart emerged as quite the winner. They were able to showcase their exible ecommeroe. They also arranged successfully for nocontact pickups, as stores like Costco, usually quite beloved, found it difcult to satisfy demand for home deliveries. Costco offered no contactfree pickups or any pickups at all, while customers found it difth ordering from them online. Using determinants of both price elasticities of demand and supply, what might explain Walmart's success