What is generally true about a 'big ticket item' such as a house or new car?
A)It will tend to have a more elastic demand than a lower priced good.
B)It will tend to have an inelastic demand because spending on the item takes up a large share of the average consumer's budget.
C)It will tend to have an inelastic demand because it has many substitutes.
D)It will tend to have a more inelastic demand the more time that passes.

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The Answer of What is generally true about a 'big ticket item' such as a house or new car?
A)It will tend to have a more elastic demand than a lower priced good.
B)It will tend to have an inelastic demand because spending on the item takes up a large share of the average consumer's budget.
C)It will tend to have an inelastic demand because it has many substitutes.
D)It will tend to have a more inelastic demand the more time that passes.

What Is Generally True About a 'Big Ticket Item' Such