Netflix recently raised the price for its standard service from $10 to $11, an increase of 10%.It also increased the price of its prime service from $12 to $14, an increase of 17%.However, the first law of demand kicked in and as a result the total number of subscribers dropped; as a result, total revenue only increasing by 4%.TFU and explain:It is unclear based on the information given above whether profits at Netflix increased or decreased as a result of the price increases.