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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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