Except for the part where I proved that blatantly false with RE2? Maybe if you kept reading you would have learned something...
The entire PS1/N64 era proves this notion blatantly false as PS1 games where always $39.99 or cheaper and N64 games where anywhere from $49.99-$89.99.
PS1 had the more expensive production value games as well, loaded with CGI movies.
There is a reason when the gaming industry moves away from carts they where able to standardize game prices instead of having them bumble around all over the place costing a kid a whole years worth of allowance to buy an SNES or N64 game.