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Over a period of time, four changes are noted: 1. The price of beer increases. 2. The price of wine increases. 3. The demand for

Over a period of time, four changes are noted: 1. The price of beer increases. 2. The price of wine increases. 3. The demand for beer shifts. 4. The quantity of beer consumed increases. What is the appropriate sequential order of these events? Explain it briefly.

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