Big-ticket items such as refrigerators have a(n)_____ price elasticity of demand compared to low budget items such as paper towels.
A)higher
B)lower
C)very low
D)equal

Name: Big-ticket items such as refrigerators have a(n)_____ price elasticity of demand compared to low budget items such as paper towels. A)higher B)lower C)very low D)equal
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Question

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Goods that constitute a larger share of a person's budget will have greater price elasticity.

Big-Ticket Items Such as Refrigerators Have A(n)_____ Price Elasticity of Demand