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wrote...
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4 weeks ago
Recall the Application about the price and supply of wine to answer the following question(s).


According to the Application, the supply of wine in the short run is ________, so an increase in demand causes the price to ________.

▸ flexible; rise

▸ inflexible; fall

▸ inflexible; rise

▸ flexible; fall
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
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4 weeks ago
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inflexible; rise
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wrote...
4 weeks ago
Appreciate the effort, thank you!
wrote...
4 weeks ago
You're very welcome ... please mark the topic solved when you get a chance
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