Below Is the Total Market Demand and Supply of Wine

question 131

Multiple Choice

Below is the total market demand and supply of wine for France and Germany.Quantities are in millions of litres per month.

-Refer to the information above to answer this question.Assuming no trade,what are the equilibrium price and quantity of wine in France?

• A)$4 and 24.
• B)$5 and 14.
• C)$6 and 15.
• D)$7 and 14.

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Definitions:

Digestive Enzymes

Biological molecules that catalyze the breakdown of complex food particles into simpler substances for absorption and assimilation by the body.

Substrate

A surface or material upon or within an organism lives, grows, or obtains its nourishment, or a reactant in a chemical reaction upon which an enzyme acts.

Responsible

Having an obligation to do something, or having control over or care for someone, as part of one’s job or role.

Pancreatic Juice

A digestive fluid produced by the pancreas that contains enzymes for breaking down proteins, fats, and carbohydrates.