The fewer the substitutes for a good or service, the more __ is the demand for it The smaller the proportion of income spent on a good, the more __ is the demand for it A. inelastic; elastic B. inelastic; inelastic C. elastic; inelastic D. elastic; elastic The shorter the time that has elapsed since a price change, the more __ A. elastic is demand B. linear is the demand curve C. non-linear is the demand curve D. inelastic is demand

## Step 1<br />The first statement is about the demand for a good or service when there are fewer substitutes available. In economics, when a good or service has fewer substitutes, it is considered inelastic. This means that the demand for it does not change significantly with changes in price.<br /><br />## Step 2<br />The second statement is about the demand for a good when the proportion of income spent on it is small. In this case, the demand is also considered inelastic. This is because the demand for goods that take up a small proportion of income is less sensitive to changes in price.<br /><br />## Step 3<br />The third statement is about the demand for a good over time after a price change. In the short term, demand is generally considered inelastic. This is because consumers do not have enough time to adjust their consumption habits in response to a price change.