The demand for a good will be more price inelastic:Group of answer choicesthe fewer substitutes are available for the good.the higher is its price.the smaller the supply of the good.the larger is the percentage of income spent on it.

The demand for a good will be more price inelastic:

1. The fewer substitutes are available for the good: This is true. When there are fewer substitutes available for a good, consumers have fewer options to switch to when the price of the good increases. Therefore, the demand for the good is less responsive to changes in price, making it more price inelastic.

2. The higher is its price: This is not necessarily true. The price elasticity of demand is not directly related to the price of the good. It is more related to how much consumers change their consumption of the good in response to a change in price.

3. The smaller the supply of the good: This is not necessarily true. The price elasticity of demand is not directly related to the supply of the good. It is more related to how much consumers change their consumption of the good in response to a change in price.

4. The larger is the percentage of income spent on it: This is true. If a larger percentage of income is spent on a good, consumers are likely to be less responsive to changes in the price of the good. This is because the good takes up a significant portion of their budget, and they may not be able to easily reduce their consumption of the good when its price increases. Therefore, the demand for the good is more price inelastic.

The demand for a good will be more price inelastic:

1. The fewer substitutes are available for the good: This is true. When there are fewer substitutes available for a good, consumers have fewer options to switch to when the price of the good increases. Therefore, the demand for the good is less responsive (or more inelastic) to changes in price.

2. The higher is its price: This is not necessarily true. The price elasticity of demand is not directly related to the price level of the good. It is more related to how much consumers respond to a change in the price of the good.

3. The smaller the supply of the good: This is not necessarily true. The price elasticity of demand is not directly related to the supply of the good. It is more related to how much consumers respond to a change in the price of the good.

4. The larger is the percentage of income spent on it: This is true. If a larger percentage of income is spent on a good, consumers are more likely to notice and respond to a change in the price of the good. Therefore, the demand for the good is more responsive (or less inelastic) to changes in price.

The demand for a good will be more price inelastic:

1. The fewer substitutes are available for the good: This is true. When there are fewer substitutes available for a good, consumers have fewer options to switch to when the price of the good increases. Therefore, the demand for the good is less responsive to changes in price, making it more price inelastic.

2. The higher is its price: This is not necessarily true. The price elasticity of demand is not directly related to the price of the good. It is more related to how much consumers respond to a change in price.

3. The smaller the supply of the good: This is not necessarily true. The price elasticity of demand is not directly related to the supply of the good. It is more related to how much consumers respond to a change in price.

4. The larger is the percentage of income spent on it: This is true. If a larger percentage of income is spent on a good, consumers are more likely to respond to a change in price, making the demand for the good more price elastic, not inelastic.