In Which Case Below Will the Elasticity of Demand for Laborers

question 91

Multiple Choice

In which case below will the elasticity of demand for laborers who produce yo-yos be most inelastic? The price elasticity of demand for yo-yos is:

• A) 5,and labor's share of total costs is 20 percent.
• B) 5,and labor's share of total costs is 75 percent.
• C) 0.1,and labor's share of total costs is 20 percent.
• D) 0.1,and labor's share of total costs is 75 percent.

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