In the market for gaming consoles, Xlaystation and Pbox are some of the most popular options. Xlaystation's latest console is the PX5 while Pbox's latest console is the Pbox Series P.

Answer the following questions:

1. When buying a new gaming console, consumers often look for a new TV and many other gaming accessories. The TVs and gaming accessories are examples of . Type C for Complements, S for Substitutes or N for Neither.
2. Xlaystation is looking to launch their PX5 in Australia and is experimenting to decide the best price to sell their latest console. In a surveyed market, it is estimated that 2630 consoles can be sold in a day if the console is sold at a price of $887. If prices drop to $779, more consoles can be sold and it is estimated that 2980 consoles will be sold. What is the estimated price elasticity of demand using the mid-point formula? . Answer to the nearest two decimal places.
3. It is known that Country Z is a developing country and the average consumer has a much lower income as compared to the average consumer in Australia. Based on this information, we can say that the demand for gaming consoles for consumers in Country Z will likely be more . Type I for Inelastic, E for Elastic or N for No difference.