All else equal, the price elasticity of demand for a good tends to be lower:

All else equal, the price elasticity of demand for a good tends to be lower:

A.if the good represents a large share of a consumer’s budget.

B.in the long run.

C.if the good has many close substitutes.

D.if the good has few close substitutes.

正确答案:if the good has few close substitutes.