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Assume the cross-price elasticity of demand between paint and lumber is -0.3. If the price of lumber increases by 15%, how much of an effect

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Assume the cross-price elasticity of demand between paint and lumber is -0.3. If the price of lumber increases by 15%, how much of an effect is it likely to have on the demand for paint based on the above information. O -0.3% O -0.5% O -2.0% O -4.5% O None of the above

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