Consider the labor market that we examined in class. What would be true about the effects of a minimum wage in this market if the demand for labor is elastic, relative to if the demand for labor is inelastic? Note that this question is NOT asking about the case where demand is perfectly elastic or perfectly inelastic. O This minimum wage will cause zero job loss, compared to some job loss when demand is inelastic O This minimum wage will cause a relatively small amount of job loss, compared to when demand is inelastic This minimum wage will cause a relatively large amount of job loss, compared to when demand is inelastic This minimum wage will cause some job loss, compared to zero job loss when demand is inelastic D Question 29 1 pts