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QUESTION 5 A fire damages the California grape crop. The impact on the market for wine will be a leftward shift of: O A. the
QUESTION 5 A fire damages the California grape crop. The impact on the market for wine will be a leftward shift of: O A. the demand curve, as consumers react to the shortage. O B. the supply curve O C. both the demand and supply curves. D. the supply curve and a rightward shift of the demand curve, resulting in a higher equilibrium price E. None of the above
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