All else equal, the price elasticity of demand for small-budget items such as soap tends to be __ than the price elasticity of demand for big-ticket items such as flat-screen TVs.

All else equal, the price elasticity of demand for small-budget items such as soap tends to be __ than the price elasticity of demand for big-ticket items such as flat-screen TVs.

A.lower

B.very high

C.the same

D.higher

正确答案:lower