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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

Soru

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 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

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Usta · 5 yıl öğretmeni
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B. inelastic; inelastic

Açıklamak

## 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 few or no 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 considered inelastic. This is because when a small proportion of income is spent on a good, the demand for it does not change significantly with changes in price.
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