Below Is the Total Market Demand and Supply of Wine

question 75

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.Assume that France and Germany enter into a free trade agreement (and there are no extra transportation costs,etc. ) what will France do?

• A)Export 4 million litres of wine per month.
• B)Export 1 million litres of wine per month.
• C)Import 4 million litres of wine per month.
• D)Import 1 million litres of wine per month.

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