Question: ii explore the supply and demand conditions for netflix a...
II. Explore the supply and demand conditions for NETFLIX
a) Evaluate trends in demand over time and explain their impact on the industry and the firm. You should consider including annual sales figures for the product Netflix sells.
b) Analyze information and data related to the demand and supply for Netflix product(s) to support your recommendation for Netflix's actions. Remember to include a graphical representation of the data and information used in your analysis.
III. Examine the price elasticity of demand for the product(s) Netflix sells.
a) Analyze the available data and information, such as pricing and the availability of substitutes, and justify how you determine the price elasticity of demand for Netflix.
b) Explain the factors that affect consumer responsiveness to price changes for this product, using the concept of price elasticity of demand as your guide.
c) Assess how the price elasticity of demand impacts "Netflix's pricing decisions and revenue growth.