All of the Following Statements Are True EXCEPT

Multiple Choice

All of the following statements are true EXCEPT

A) the demand for food is less elastic than the demand for a Hawaiian vacation.
B) the demand for clothing is less elastic than the demand for blue jeans.
C) the demand for gasoline is more elastic the longer the time elapsed.
D) the smaller the proportion of income spent on a good, the more inelastic demand will be.
E) the demand for Nike running shoes is less elastic than the demand for shoes.