Studies Have Shown That Drinking One Glass of Red Wine

question 180

Multiple Choice

Studies have shown that drinking one glass of red wine per day may help prevent heart disease.Assume this is true.Suppose that a fungal disease destroys a large portion of the grape harvest of B.C.vineyards.In the market for red wine, these two developments would

• A)increase demand and increase supply, resulting in an increase in the equilibrium quantity and a decrease in the equilibrium price of red wine.
• B)increase demand and decrease supply, resulting in a decrease in both the equilibrium quantity and the equilibrium price of red wine.
• C)increase demand and decrease supply, resulting in an increase in the equilibrium price and an uncertain effect on the equilibrium quantity of red wine.
• D)increase demand and decrease supply, resulting in an increase in both the equilibrium price and the equilibrium quantity of red wine.

---

Definitions:

Line Authority

Authority to make decisions about production, performance, and people.

Organizational Policies

Guidelines and rules developed by an organization to govern its actions and decision-making processes, ensuring consistency and compliance.

Grievance Handling

The process used by unions and employers to address complaints from employees regarding work conditions, contract violations, or other workplace issues.

Chartered Professional

A designation given to qualified members of professional bodies that meet certain criterion of competence and ethics.