​Since demand is more inelastic for products that represent a smaller share of your income,which one of the following is true?

A) ​the demand for shoe laces is more elastic than the demand for shoes
B) The demand for oil changes is more inelastic than the demand for cars
C) the demand for ear buds is more elastic than the demand for ipods
D) ​the demand for Salt has a more elastic than the demand than meat

Inelastic

Characterizing a situation where a change in price leads to a relatively small change in the quantity demanded or supplied.

Share of Income

The portion of total income (either personal or national) that is received by an individual, household, or socioeconomic group.

Elastic

A demand curve on which percentage quantity changes more than percentage price is said to be elastic, or sensitive to price. If |e| > 1, demand is elastic, where e is the price elasticity of demand. If |e| = 0, demand is perfectly inelastic while if |e| is infinite, demand is perfectly elastic. If |e| 5 1, demand is unit elastic.