If a Product Is Narrowly Defined,it Is Likely to

Multiple Choice

If a product is narrowly defined,it is likely to

A) have many substitutes and therefore its demand is elastic.
B) have few substitutes, and therefore its demand is less elastic.
C) be unique, and therefore its demand is inelastic.
D) be unique and have many substitutes.
E) have a larger proportion of income spent on it.