8.Read the article, The Price of Wine is Dropping Fast, provided at the following:

https://www.cnn.com/2020/02/16/business/grape-surplus-cheap-wine-trnd/index.html

Address the following three questions:

a.What factors led to an increase in the supply of wine?

b.What factors led to a decrease in demand for wine?

c.What will the industry need to do to restore the long-term equilibrium in this market?