Discuss why you think netflix conducted this test

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Reference no: EM132480992 , Length: word count:800

Economic Principles

Read the following article: Netflix Tested a Price Hike in Australia by FORTUNE

Question: Discuss why you think Netflix conducted this test and what you think they found from that test based on their later decisions.

Such as what price elasticity of demand is and how it is calculated and used, its relationship with revenue, and relevant determinants of price elasticity of demand.

Attachment:- Netflix Article.rar

Reference no: EM132480992

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