The Guardian reports that the area within which champagne grapes can be grown is to be increased
http://www.guardian.co.uk/business/2008/mar/14/fooddrinks.france
a) How would you describe the supply of land to grow campagne currently?
b) Using a S&D diagram, explain the effect on the market price of champagne that will arise when this new land produces champagne grapes
c) Why might your prediction not actually occur?
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