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The table below shows the subscription price for a basic Netflix account in different countries - Leaving Cert Economics - Question 3 - 2021
Question 3
The table below shows the subscription price for a basic Netflix account in different countries. (The prices have been converted into US dollars $ for comparison pur... show full transcript
Worked Solution & Example Answer:The table below shows the subscription price for a basic Netflix account in different countries - Leaving Cert Economics - Question 3 - 2021
Step 1
Outline one reason why consumers are willing to pay different prices for a Netflix subscription in different countries.
Answer
One reason consumers are willing to pay different prices for a Netflix subscription in different countries is due to consumer attitudes. Some consumers feel that it is worth paying more for the product rather than going without it. This perception can be influenced by factors such as the value placed on entertainment, the availability of content in specific regions, and the overall willingness to invest in subscription services for enhanced viewing experiences.