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3.3 Revenues, costs and profits

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Question 8

In 2024, PhysiqueStream, a premium digital home-workout streaming platform, experienced a 15% decline in its active subscriber base. This contraction occurred as consumers returned to newly reopened physical boutique gyms and fitness studios.

Draw a cost and revenue diagram to show the likely impact of this contraction in demand on PhysiqueStream's short-run supernormal profits.

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3.3 Revenues, costs and profits Questions

  1. A Level
  2. /Economics
  3. /3.3 Revenues, costs and profits