The price elasticity of a good will tend to be larger:
A.the longer the relevant time period.
B.the fewer the number of substitute goods available.
C.if it is a staple or necessity with few substitutes.
D.if the share of income spent on the good is small.

Question

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The Answer of The price elasticity of a good will tend to be larger:
A.the longer the relevant time period.
B.the fewer the number of substitute goods available.
C.if it is a staple or necessity with few substitutes.
D.if the share of income spent on the good is small.

The Price Elasticity of a Good Will Tend to Be