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True, false or uncertain? Justify your response to the following statements.

After many requests from wine growers over many years, the INAO in Finance changed the rules to allow more land to be used to legally grown grapes for use in the production of champagne. Those lands has been used to grow grapes for wine but that wine could not be bottled as champagne. While the change will benefit the owners of the land recently permitted to grow champagne grapes, it will also increase the total amount of land used to grow grapes and the total production of grapes in the area.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91419820

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