Since you know from research that the demand for Netflix streaming services in England is inelastic, detail
whether the demand for the service or the quantity demanded of the service from Netflix is impacted for the following events:
a. A substantial increase in the price of Netflix subscription services occurs.
b. The price of Disney+ streaming services is substantially decreased.
c. The price of internet connectivity services declines.
d. England levies a new the tax on all streaming services.
In your response, please distinguish whether a movement along a given demand curve occurs, an the demand curve itself shifts (and the direction), or there is no impact. Be sure to fully but briefly explain.
a.Demand for Netflix streaming services will be impacted by the substantial increase in price of Netflix... View the full answer