Advanced Placement (AP), 25.11.2021 14:10, itssergioa

Based on this survey, suppose Netflix decided to double the price of its service from $8 to $16. As a result, the number of Netflix subscribers falls from 60 million to 40 million. Calculate the price elasticity of demand for Netflix.

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Based on this survey, suppose Netflix decided to double the price of its service from $8 to $16. As...