Slarvax said:
Well... Valuable sounded better in my head! Thanks for the correction |
To be fair, I was a bit pedantic. Demand curves come from the sum of all consumers' "wilingness to pay" which derives from how much they value the object. But it is still useful to distinguish the difference, because different target consumer bases can have different values, therefore different willingness to pay, and therefore different demand curves, meaning a marginal change in price can mean a more or less differential change in demand. Nintendo mustn't evaluate whether they should do a price-cut solely based on whether or not XBO gets a pricecut to the same price, because the demographics Nintendo targets aren't exactly the same demographics XBO targets.
