4. During the year 2020, the majority of North America and the rest of the world was quarantined. As a result there were several shifts in consumer spending. Steaming services like Netflix reported an increase in subscribers, and decided to capitalize on this behavioral shift. During the middle of the fourth quarter of 2020, Netflix increased its paid subscription price in the U.S. and Canada from $12.99 per month to $13.99 per month. Therefore during the third quarter of 2020 the subscription price was $12.99 per month, and during the first quarter of 2021 the subscription price was $13.99 per month. According to their public financial reports, during the third quarter of 2020 their average monthly subscriptions in the U.S. and Canada was 73,081,000. During the first quarter of 2021 their average monthly subscriptions in the U.S. and Canada was 74,384,000. (5 points) Calculate the elasticity of demand for Netflix's streaming subscriptions at the price of $12.99 per month. (Round to 3 decimal places.)