ECONOMICS (CBSE/UGC NET)

ECONOMICS

DEMAND

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is a substitute good for a PlayStation?
A
Batteries
B
Xbox
C
Grand Theft Auto
D
Controllers
Explanation: 

Detailed explanation-1: -The best alternatives to PlayStation 5 are Nintendo, Nintendo Classic Mini and Stadia.

Detailed explanation-2: -The world’s most powerful gaming console. The best alternatives to Xbox One X are Nintendo, Apple and Nintendo Classic Mini. If these 3 options don’t work for you, we’ve listed over 40 alternatives below. Do you use Xbox One X?

Detailed explanation-3: -Compatibility: Backwards is better Both the PlayStation 4 Pro and Xbox One X are enhanced versions of the existing devices, which means they both play all previous and upcoming games from each respective platform, and they both work with all of the controllers and other peripherals released for those devices.

Detailed explanation-4: -An example of substitute goods is Coca-Cola and Pepsi; the interchangeable aspect of these goods is due to the similarity of the purpose they serve, i.e fulfilling customers’ desire for a soft drink. These types of substitutes can be referred to as close substitutes.

There is 1 question to complete.