As more people buy televisions, the demand for Netflix increases and the price of Netflix decreases. The fall in the price of Netflix decreases the supply of Netflix.” Explain what is wrong with this statement.
As more people buy televisions, the demand for Netflix increases and the price of Netflix decreases. The fall in the price of Netflix decreases the supply of Netflix.” Explain what is wrong with this statement.
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 8P
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As more people buy televisions, the demand for Netflix increases and the price
of Netflix decreases. The fall in the price of Netflix decreases the supply of
Netflix.” Explain what is wrong with this statement.
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