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Wanting to provide your customers with a complete home, you begin to analyze the market model for vinyl and wood fences. You find that a
Wanting to provide your customers with a complete home, you begin to analyze the market model for vinyl and wood fences. You find that a 5% increase in the cost of vinyl fencing is met with a 7% increase in quantity demanded for wood fences. What is the cross price elasticity of demand for wood fences given a change in price for vinyl fencing, d (v, w)
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