If a good is a necessity with few substitutes,then demand will tend to:

A) be relatively price-elastic.
B) be relatively price-inelastic.
C) have price elasticity equal to 1.
D) be the same as that of a luxury good.

Necessity

A good or service that is essential for survival and basic quality of life, such as food and shelter.

Few Substitutes

A market condition where there are limited alternatives available for a particular product or service, potentially leading to higher prices.

Price-Inelastic

Describes a situation where the demand for a good or service is relatively unchanged despite changes in its price.