Suppose a news article reports, quot;Poor wine-grape harvests in France have brought financial gains to Australian winemakers.

Suppose a news article reports, “Poor wine-grape harvests in France have brought financial gains to Australian winemakers. Sales of Australian wines in France are booming and wine prices are the best ever.”

a) How has the market for French wines been affected by the poor harvests? Explain and provide graph

b) How has the change in the French wine market affect the market for Australian wines? Explain and provide graph

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