Since an Expensive Sports Car Constitutes a Greater Portion of the Consumer's

Multiple Choice

Since an expensive sports car constitutes a greater portion of the consumer's budget than does laundry soap,the elasticity of demand for an expensive sports car is _____.

A) relatively less elastic
B) a vertical line
C) a downward sloping straight line
D) relatively more elastic
E) not subject to elasticity because of the income level of the consumers who purchase expensive sports cars