What factors would affect the supply for game consoles? What inputs does it require?

Solutions

Expert Solution

1. The factors that would affect the supply of game consoles are:

a)Technology : If there is an advancement in technology and it leads to lower cost of manufacturing game consoles, then the number of consoles manufactured would increase and thus would lead to an increase in the supply of consoles.

b) Tax rates on gaming firms : A change in the tax rate on the gaming firm would lead to a change in the profitability of the business and thus would change the supply of gaming consoles.

c) Prices of gaming consoles : If there is a rise in the price of gaming consoles, the profitability increases and thus the supply also increases.

d) Demand for PC games : If demand for PC games rise, then producers would start shifting their production from console games to PC games leading to a fall in supply of console games.

2. The inputs required are wii remote, joystick, Kinect motion sensor, controllers, mouse and keyboard.

Rahul Sunny answered 1 year ago

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