Assume the market is Netflix. Which of the following would cause the demand curve for Netflix to shift to the left. Question 32 options: A) an decrease in the number of competitors for Netflix B) an increase in the price of Netflix C) population growth that causes an expansion in the number potential buyers D) a decrease in the price of a substitute, such as Amazon Prime

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 12SQ
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Assume the market is Netflix. Which of the following would cause the demand curve for Netflix to shift to the left.
 

Question 32 options:

 

A) 

an decrease in the number of competitors for Netflix
 

B) 

an increase in the price of Netflix
 

C) 

population growth that causes an expansion in the number potential buyers
 

D) 

a decrease in the price of a substitute, such as Amazon Prime
Expert Solution
Step 1

Because substitute price will decrease,demand for netflix will decrease,causing demand curve to shift left.

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