A good that takes up a very large percentage of the consumer's budget will tend to have

A) an elastic demand.
B) a perfectly elastic demand.
C) an inelastic demand.
D) an upward-sloping demand curve.
E) very many substitutes.

Consumer's Budget

is the total amount of income available to an individual or household to spend on goods and services or to save, after taxes.

Elastic Demand

A situation where the quantity demanded of a product changes significantly in response to changes in the product's price.

Inelastic Demand

Refers to a situation where the quantity demanded of a good or service does not significantly change when its price changes.