The demand for Gold Toe socks is likely to be more elastic than the demand for power tools because:

The demand for Gold Toe socks is likely to be more elastic than the demand for power tools because:

a. Power tools, in general, are more expensive than Gold Toe socks.
b. Gold Toe socks have more substitutes than power tools in general.
c. Power tools, in genera,l have more substitutes and Gold Toe socks.
d. Gold Toe socks are more expensive than power tools in general.