Assume that the initial short-run labor demand curve is given byMRP1= 800 - 50l, wherelis the quantity of labor demanded.The market wage rate is$200per week.Graphically explain, using this information, why long-run labor demand is flatter than short-run labor demand.Specifically, explain why if the wage rate rises to$500per week the quantity of labor demanded will fall by more in the long run than in the short run.