Grape Growing Regions of the World
Can anyone help me answer these questions for my macroeconomics class?
We learned that drinking red wine reduces the risk of heart attack. Meanwhile, favorable weather in growing regions of wine from the vineyard of the world makes the flow of wine growing. Consequently, the equilibrium price the wine market is _____ and the amount of market equilibrium is _____. A) increase or decrease, increase B) increase, increase or decrease C) goes up, up D) fall, fall off a roof prices and leads to _____ The result is a minimum price _____. A) the deficit (excess demand), a surplus (excess supply) B) a surplus, shortage C) market equilibrium, excess demand D) excess supply, balanced market
A) increase or decrease, location A) a shortage (excess demand), a surplus (surplus supply)
Savor the Flavor: Romancing America’s Grape