rapel valley in chile is renowned for its ability to produce high-quality wine at a fraction of the cost of many other vineyards around the world. rapel valley produces over 20 million bottles of wine annually, of which 5 million are exported to the united states. each bottle entering the united states is subjected to a $0.50 per bottle excise tax, which generates about $2.5 million in tax revenues. strong la niña weather patterns have caused unusually cold temperatures, devastating many of the wine producers in that region of chile. how will la niña affect the supply and price of chilean wine? multiple choice 1 it will cause supply to decrease and price to increase. it will cause supply to increase and price to increase. it will cause supply to decrease and price to decrease. it will cause supply to increase and price to decrease. assuming la niña does not impact the california wine-producing region, how will la niña impact the market for californian wines? multiple choice 2 equilibrium quantity will decrease and equilibrium price will increase. equilibrium price and quantity will increase. equilibrium quantity and price will decrease. equilibrium quantity will increase and equilibrium price will decrease.