Without using a calculator,solve the following problem. 
Definitions:
Unit Wages
The cost of labor per unit of output, measuring how much is paid in wages for the production of one unit of a good or service.
Employed Workers
Individuals actively engaged in a job or business who are receiving compensation for their labor.
Price Elasticity
The measure of how much the quantity demanded of a good responds to a change in the price of that good.
Substitutability
The degree to which one good or service can be replaced by another in consumption, affecting consumer choices and market competition.
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