The Reason a Brand Name Item (E

Multiple Choice

The reason a brand name item (e.g. ,Tyson chicken) has a larger price elasticity than a class of items (e.g. ,chicken) ,is because:

A) there are fewer substitutes for Tyson chicken.
B) it takes a lot of time to adjust to a substitute brand of chicken.
C) the share of income spent on "chicken" is larger than spent on "Tyson Chicken".
D) there are fewer substitutes for chicken than for Tyson chicken.