ayeasley9702 ayeasley9702 06-01-2023 Business contestada Wage Rate Quantity of Labor Demanded$16 80014 1,00012 1,20010 1,6008 1,800Refer to the given data. For the $16 to $14 range of wage rates, labor demand isSelect one:A. perfectly elastic.B. elastic.C. inelastic.D. perfectly inelastic.