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A drought around the world may raise the total revenue that farmers worldwide receive fromthe sale of grapes, but a drought only in France is

A drought around the world may raise the total revenue that farmers worldwide receive fromthe sale of grapes, but a drought only in France is likely to reduce the total revenue thatFrench grape farmers receive." Explain why you agree to this statement or not. [Hint. Here.assume that grapes produced elsewhere are good substitutes for French grapes.]

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