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What is the cross-wage elasticity of fast-food line

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Suppose the wages of fast-food line cooks rise by 4 percent while the wages of fast-food managers remain unchanged. Employment of fast-food line cooks falls by 5 percent and employment of fast-food managers falls by 2 percent.

What is the cross-wage elasticity of fast-food line cooks and fast-food managers? (Round your answer to one decimal point.)

Reference no: EM133124795

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