ECO Module 3 Checkpoint

Research the company you selected for your project (Netflix). This assignment directly supports your work on your project.

Use the provided template linked in the What to Submit Section to complete this checkpoint assignment. It is a modified version of the template you will complete for your project in Module Eight. Note that the sections you create for this assignment cannot be copied and pasted into the project template because this assignment includes additional elements.

Support your analysis with sources from the textbook and your own research.

Specifically, address the following:

Introduction: Provide a brief description of the selected company, including what products or services they provide.

Supply and Demand

• Describe the supply and demand trends for the company over the past five years. How have supply and demand trends changed?
• Identify at least two determinants of supply and two determinants of demand and explain how they have impacted the supply and demand trends for the company.

Price Elasticity

• Identify the determinants of price elasticity of demand for the selected company. Provide examples from your research to illustrate.
• Based on your analysis, determine if the price elasticity of demand is elastic or inelastic for the goods or services produced by the company.
• Explain how price elasticity of demand affects pricing decisions and total revenue of the selected firm. Provide examples from your research or the textbook to illustrate.