Tuesday, February 27, 2007

Unit 1: The price of Australian wine

Watch this BBC clip

< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_6390000/newsid_6394700?redirect=6394705.stm&news=1&bbwm=1&bbram=1&nbram=1&nbwm=1 >

a) Why is the price of Australian wine expected to rise?
b) Use a S&D diagram to explain why this will occur

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