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Consider the market for Canadian wine. Suppose that British Columbia experiences unusually poor weather, resulting in a bad crop of grapes. At the same time

Consider the market for Canadian wine. Suppose that British Columbia experiences unusually poor weather, resulting in a bad crop of grapes. At the same time, a medical study is released indicating that moderate wine consumption lowers the risk of high blood pressure.

Demand will blank .

Supply will blank .

Equilibrium price blank .

Equilibrium quantity blank .

shifttotheright shifttotheleft notchange

willincrease willdecrease cannotbedetermined

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