Yakov is a graduate student living in Houston who works as a caddy to supplement their normal income. At an hourly wage rate of $15, they are willing to caddy 5 hours per week. Upping the wage to $25 per hour, they are willing to caddy 14 hours per week. Using the midpoint method, the elasticity of Yakov's labor supply between the wages of $15 and $25 per hour is approximately10.56 , which means that Yakov's supply of labor over this wage range isinelastic