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Previous Page Next Page Page 26 of 28 Question 25 (2 points) Listen Netflix is one of the largest subscription based online video demand service.

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Previous Page Next Page Page 26 of 28 Question 25 (2 points) Listen Netflix is one of the largest subscription based online video demand service. Currently, there are approximately 214 million subscribers. Suppose Netflix increases its average flat rate (price) by 10 percent and its total revenue increases. Based on this information, what is the type of demand for Netflix subscriptions? Give reasons. Paragraph I UVA Ev +

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