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Wildfire in California destroys more than half of red grapes. At the same time, a study...

Wildfire in California destroys more than half of red grapes. At the same time, a study comes out that drinking red wine helps improve blood pressure, which increases the demand for red grapes by 20%. As a result of both the fire and the new study, the equilibrium price of red wine increases and the equilibrium quantity of red wine falls. TRUE OR FALSE

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