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Suppose Netflix raises subscription prices from $10 to $12 per month, and as a result the quantity of subscribers drops from 80,000,000 to 70,000,000. What
Suppose Netflix raises subscription prices from $10 to $12 per month, and as a result the quantity of subscribers drops from 80,000,000 to 70,000,000. What is the price elasticity of demand between his prices? Calculate. Also, calculate the original revenue and compare it to the new revenue. is Netflix better off at the $10 price or at $12
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Labor Economics
Authors: George J. Borjas
6th edition
73523208, 2900073523209 , 978-0073523200
