gross complements? 5. Calculate the own-wage elasticity of demand for occupations a, b, and c given the information provided below. E. and Wo are the original employment level and wage and E, and W, are the new employment level and wage. State whether demand is elastic, inelastic, or unitary elastic. Show all your work and provide complete explanations. Use the midpoint formula or arc elasticity formula (requires you calculate a midpoint in the base when getting the percentage change in employment and a . midpoint in the base when getting the percentage change in the wage rate) for calculation of the own-wage elasticity of the demand for labor in occupation b and occupation c. Occupation a: %AE = 5, %AW = -10 Occupation by Eo = 50; Wot= 7 E1 = 40; W1 = 8 Occupation c: Eo = 80; Wo = 8 E1 = 100; W1 = 6