Below is the total market demand and supply of wine for France and Germany.Quantities are in millions of litres per month.

-Refer to the information above to answer this question.Who gains from free trade in wine between France and Germany?

Question

Below is the total market demand and supply of wine for France and Germany.Quantities are in millions of litres per month.
 
-Refer to the information above to answer this question.Who gains from free trade in wine between France and Germany?

Quizplus · Accepted Answer

Free trade between France and Germany would benefit French wine producers by allowing them to sell their wine to a larger market in Germany. German wine drinkers would also benefit from access to French wine at a lower price than they would pay if Germany had to produce all the wine it consumed domestically. German wine producers would not benefit as much from free trade, as they would face more competition from French wine imports. French wine drinkers would not benefit as they already have access to French wine, regardless of whether or not free trade is implemented.

Below Is the Total Market Demand and Supply of Wine