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Hospitality venues including restaurants, pubs and function rooms reopened when the French government announced the end of its country's lockdown. The lifting of this lockdown
Hospitality venues including restaurants, pubs and function rooms reopened when the French government announced the end of its country's lockdown. The lifting of this lockdown results in an increase in local restaurant orders for French wine.
Using Diagram G below and taking into consideration of the impact of the extreme cold weather on wine, illustrate and explain how this increase in local restaurant orders for wine affects demand and/or supply, price and market quantity of wine in France.
Diagram G Line 1 Line 2 P4 Price of wine P3 P2 P1 Line 3 Line 4 Q1 Q2 Q3 04 Quantity of wine
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