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.

Question

Quizplus · Accepted Answer

The Answer of 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.

In Which Case Below Will the Elasticity of Demand for Laborers