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Title: Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent y Post by: Tidy on Jun 20, 2015 Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent years. Over this same period, prices for French oak barrels used for wine storage have dropped and consumer incomes have risen. Which of the following best explains the rising prices of California Merlots?
A) The supply curve for Merlot has shifted to the right while the demand curve for Merlot has shifted to the left. B) The demand curve for Merlot has shifted to the right more than the supply curve has shifted to the right. C) The demand curve and the supply curve for Merlot have both shifted to the left. D) The supply curve for Merlot has shifted to the right more than the demand curve has shifted to the right. Title: Re: Prices of California Merlot wine (assume that this is a normal good) have risen steadily in rece Post by: Smoooth on Aug 10, 2015 Content hidden
Title: Re: Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent y Post by: Smoooth on Aug 31, 2015 My pleasure :-]
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