microeconomics
Posted: Sun Jun 05, 2022 11:41 am
microeconomics
Refer to the diagram below to answer the following questions. Price C 8 9 Quantity The graph in this figure illustrates an initial competitive equilibrium in the market for New Zealand wine at the intersection of DO and So. If there is an increase in the wages of New Zealand wine makers and an increase in the price of Nova Scotia wine, a substitute for New Zealand wine, the equilibrium could move to which point? E a) Ob) B c) none of the points shown O d) c B so
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