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f(a) What is the price elasticity of Netflix subscriptions? (b) Suppose a = 500, by = 10, by = 5, and PH = PN =
\f(a) What is the price elasticity of Netflix subscriptions? (b) Suppose a = 500, by = 10, by = 5, and PH = PN = 50. What are N's elastic- ity and cross-price elasticity? Are products N and H substitutes or comple- ments? (c) How much do consumers get in surplus at these prices
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