Multiple Choice
A recent study suggested that moderate wine drinking may actually benefit one's health. If this information leads to an increased demand for wine, we would expect
A) both the price and quantity of wine sold to increase.
B) both the price and quantity of wine sold to decrease.
C) the price to decrease and the quantity of wine sold to increase.
D) the price to increase and the quantity of wine sold to decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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