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1)When there is an increase in demand, A

Economics

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1)When there is an increase in demand,

A. the demand curve moves to the left.

B. price falls and quantity rises.

C. the demand curve moves to the right.

2)A new technology makes it cheaper to produce wine. Therefore, considering the market for wine, equilibrium price _____ (increases/decreases) and equilibrium quantity _____(increases/decreases).

D. price rises and quantity falls.