Suppose that there is a shock to our market for wine - our region has won many awards, causing people from around the world to take notice. Choose the most likely three outcomes from the list below.

Select one or more:

a.

The demand for wine from our region will go up.

b.

The demand for wine from our region will go down.

c.

The equilibrium quantity will go up.

d.

The equilibrium quantity will go down.

e.

The equilibrium price will go up.

f.

The equilibrium price will go down.