What will MOST likely follow a decision by Netflix to raise its monthly subscription price? O a. Hulu's market demand curve will shift to the right, since Hulu is a substitute for Netflix, O b. Netflix's market demand curve will shift to the left in response to the higher price. Oc. Netflix's market demand curve will shift to the right, since subscribers assume the price hike will be used for original programming. Od. There will be a movement down Hulu's market demand curve, since Hulu is now relatively cheaper.

What will MOST likely follow a decision by Netflix to raise its monthly subscription price? O a. Hulu's market demand curve will shift to the right, since Hulu is a substitute for Netflix, O b. Netflix's market demand curve will shift to the left in response to the higher price. Oc. Netflix's market demand curve will shift to the right, since subscribers assume the price hike will be used for original programming. Od. There will be a movement down Hulu's market demand curve, since Hulu is now relatively cheaper.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 7PA: Maria has decided always to spend one third of her income on clothing. a. What is her income...

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