A) The good is a necessity.
B) The good has few substitutes.
C) The good constitutes a small portion of the consumer’s budget.
D) The good has many substitutes available.
For Explanation Click Here:
The price elasticity of demand is higher when there are many substitutes available because consumers can easily switch to a different product if the price increases. Conversely, necessities or goods with few substitutes tend to have lower elasticity.