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Explain which determinants of price elasticity of demand could be the cause of the change in demand for Netflix. Prices have sky-rocked due to inflation.

Explain which determinants of price elasticity of demand could be the cause of the change in demand for Netflix.

Prices have sky-rocked due to inflation. Why do we continue to pay for services when there are free streaming services? Prices are determined by the supply and demand equilibrium and are influenced by the price elasticity of demand and supply of goods and services.

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