Read this article here about the price of champagne coming down. Now, as Economists, we cannot read that article without picturing - on our mind's eye - a supply and demand diagram. some of you will even want to draw the diagram NOW just for fun. don't resist that urge!
In the article are mentioned the demand factors at play. This year's price will influence decisions made by the vineyards next year as they try to restore prices to a more profitable level.
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