Neo-Geo Was Known for Being the First System To

question 15

Multiple Choice

Neo-Geo was known for being the first system to:

• A) have four controller ports built into the console
• B) offer a CD add-on unit to the console
• C) play perfect ports of arcade games in the home
• D) feature controllers with more than 2 buttons

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Definitions:

Demand Curve

A graph showing the quantity of a good that consumers are willing and able to purchase at different prices.

Luxury Good

A product that is not necessary for basic survival but is deemed as highly-desirable within a culture or society, often associated with wealth or quality.

Income Elasticity

A measure of how the demand for a good or service changes in response to changes in consumer income.

Homothetic Preferences

A situation in consumer theory where a consumer's preference structure can be represented by a utility function that is proportionally scalable.