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Question: consider the market supply of wine complete the following table...

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Consider the market supply of wine.

Complete the following table by indicating whether an event will cause a movement along the supply curve for wine or a shift of the supply curve for wine, holding all else constant.

7. Movements along versus shifts of supply curves Consider the market supply of wine. Complete the following table by indicating whether an event will cause a movement along the supply curve for wine or a shift of the supply curve for wine, holding all else constant. Event A decrease in the price of grapes (used in the production of wine) A change in expectations about the future price of wine A decrease in the price of wine Movement Along Shift Grade It Now Save & Continue Continue without saving

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