ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An increase in the price of XBox One will cause the demand for Playstation 4 to:
A
increase
B
decrease
C
not change at all
D
None of the above
Explanation: 

Detailed explanation-1: -D) The demand for Xboxes increases because the price of a complement falls.

Detailed explanation-2: -“Sony has surpassed Microsoft in terms of console sales and installed base, having sold more than twice as many Xbox in the last generation, ” admits Microsoft, as translated from Portuguese.

Detailed explanation-3: -Getting into technical specs, both the PS4 Pro and Xbox One X have AMD Jaguar octa-core CPUs. However, the Xbox One X is clocked at 2.3GHz, versus the PS4 Pro at 2.1GHz. The Xbox One X has a faster GPU with more compute units than the PS4 Pro, and it also has more RAM at 12GB vs. 8GB.

Detailed explanation-4: -Xbox does beat PlayStation when it comes to backwards compatibility, which is a feature that lets you play games from older consoles.

There is 1 question to complete.