A country is about to let refugees in, but current residents are strongly against it. They are afraid that the wages of low-skilled workers will fall if there is an increase in the available workforce. It is estimated that the country can let in 35,00035,000 refugees, but only 60%60% of them are expected to look for a job. The wage elasticity of labor demand is -0.5-0.5. In the country's labor market, there are 689,500689,500 low-skilled workers. Calculate the expected wage drop as a percentage, using the midpoint method. Enter your answer as a negative number in the box below and round to one decimal place throughout your calculations