Generally speaking, the smaller the percentage of one's total budget devoted to a particular product, the more price elastic will be the demand for that product.

Name: Generally speaking, the smaller the percentage of one's total budget devoted to a particular product, the more price elastic will be the demand for that product.
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The smaller the percentage of one's total budget devoted to a product, the less sensitive consumers are to price changes, making the demand more inelastic, not elastic.

Generally Speaking, the Smaller the Percentage of One's Total Budget