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

Multiple Choice

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.