Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent years. Over this same period, prices for French oak barrels used for wine storage have dropped and consumer incomes have risen.
Which of the following best explains the rising prices of California Merlots?
A) The supply curve for Merlot has shifted to the right while the demand curve for Merlot has shifted to the left.
B) The demand curve and the supply curve for Merlot have both shifted to the left.
C) The demand curve for Merlot has shifted to the right more than the supply curve has shifted to the right.
D) The supply curve for Merlot has shifted to the right more than the demand curve has shifted to the right.
Question 2
The interest rate on a bond is calculated as
A) the coupon times the face value.
B) the coupon divided by the face value.
C) the face value divided by the coupon plus the face value.
D) the face value divided by the coupon.
Cervical cancer (a) Top view of the uterus showing the presence of a tumor in the wall of the cervix
Altamont Pass Wind Farm in California
Harvey Milk was the first openly gay candidate to be elected to office in California.
The homeostatic control of normal body temperature (37°C or 98.6°F).
Normal combustion is a smooth, controlled burning of the air–fuel mixture.
Expulsion of fetus and afterbirth during normal delivery. The afterbirth consists of the placenta, t