You can’t really price gouge goods with elastic demand though, where demand rises and falls with the price. Luxury goods like streaming services even doubly so because they are in no way, shape, or form necessary things. If people pay the price for a luxury good that they don’t need, then by definition it’s a fair price.

Netflix isnt a necessity. Don’t like the price, don’t buy the service. It really is that simple.

Also, price gouging is only illegal in the US for necessities in declared civil emergencies.