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(10 pts) Calculate the ownwage elasticity of dimang {9r Occupations a, b, and 0 below. ED and W are the original employment and wage. D

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(10 pts) Calculate the ownwage elasticity of dimang {9r Occupations a, b, and 0 below. ED and W are the original employment and wage. D an are the new employment and wage. State whether the demand is elastic, inelastic, or unitary elastic. Which occupation would a labor union be most effective in organizing? Why? a. %AED = - 5, %AW = +10 b. ED = 50, W = 7 E5 = 40, W' = 8 C. ED = 80, W = 8 EB = 100, W' = 6

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