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Suppose you are the manager of a California winery.

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1. Suppose you are the manager of a California winery. How would you expect the following events to affect the demand and/or the quantity demanded for your product? Briefly explain;a. The price of comparable French wines decreases.;b. One hundred new wineries open in California.;c. The unemployment rate in the US decreases.;d. The price of cheese increases.;e. The price of a glass bottle increases significantly due to new government anti-shatter regulations.;f. Researchers discover a new wine-making technology that reduces production costs.;g. The price of wine vinegar, which is made from the leftover grape mash, increases.;h. The average age of consumers increases, and older people drink less wine.

 

Paper#27385 | Written in 18-Jul-2015

Price : $22
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