In Which of the Cases Given Below Will the Elasticity

Multiple Choice

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) .1, and labor's share of total costs is 20 percent.
D) .1, and labor's share of total costs is 75 percent.