5.18. Netflix demand elasticity. The price elasticity of demand for Netflix is −1.24. Is demand elastic or inelastic? Explain. Given this elasticity, if Netflix increases its price, will consumer expenditure also increase? Explain.

5.18. Netflix demand elasticity. The price elasticity of demand for Netflix is −1.24. Is demand elastic or inelastic? Explain. Given this elasticity, if Netflix increases its price, will consumer expenditure also increase? Explain.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter6: Elasticities

Section: Chapter Questions

Problem 14P: Isabella always spends $50 on red roses each month and simply adjusts the quantity she purchases as...

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5.18. explain

## 5.18. Netflix Demand Elasticity

The price elasticity of demand for Netflix is -1.24. Is demand elastic or inelastic? Explain. Given this elasticity, if Netflix increases its price, will consumer expenditure also increase? Explain.

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