In General, a "Big Ticket Item" Such as a House

Multiple Choice

In general, a "big ticket item" such as a house or new car will

A) tend to have a more elastic demand than a lower-priced good.
B) tend to have an inelastic demand because spending on the item takes up a large share of the average consumer's budget.
C) tend to have an inelastic demand because it has many substitutes.
D) tend to have a more inelastic demand the more time that passes.