Below Is the Total Market Demand and Supply of Wine

question 89

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 Germany?

• A)$6 and 10.
• B)$7 and 5.
• C)$8 and 7.
• D)$9 and 7.

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