In which of the cases given below will the elasticity of demand for workers 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.

Price Elasticity

A calculation that determines how significantly a good's demanded quantity is influenced by price changes, revealing consumer sensitivity to price shifts.

Labor's Share

The portion of national income or output that is allocated to workers in the form of wages, salaries, and other forms of compensation.

Total Costs

The full price of manufacturing, which includes both constant and fluctuating expenses.