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Suppose U.S. and France decide to trade freely in wine. Which curve(s) will shift andhow?The new equilibrium on the diagram is theworldequilibrium.What is possiblerange of

Suppose U.S. and France decide to trade freely in wine. Which curve(s) will shift andhow?The new equilibrium on the diagram is theworldequilibrium.What is possiblerange of number of varieties that will be produced in the world after opening of trade?Explain.

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