1. Suppose you are the manager of a California winery. How wouldyou expect the following events to affect the demand and/or thequantity demanded for your product? Briefly explain
a. A number of new wineries open in California.
b. The price of a comparable bottle of French wine increases.
c. The price of cheese rises.
d. The price of a glass bottle rises.
f. Consumer incomes fall.
g. The price of wine vinegar, which is made from the leftover grapemash, increases.

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Trinidad TremblayLv2

15 Mar 2019

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Suppose you are the manager of a California winery. How would you expect the following events to affect the price you receive for a bottle of wine? Explain your answers.

a. The price of a comparable French wine decreases.

b. One hundred new wineries open in California,

c. The unemployment rate in the United States decreases.

d. The price of cheese increases.

e. The price of a glass bottle increases significantly due to new government antishatter regulations.

f. Researchers discover a new wine-making technology that reduces production costs.

g. The price of wine vinegar, which is madde from the leftover grape mash, increases.

h. The average age of consumers increases, and older people drink less wine.

Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply.

a. The price of comparable French wines decreases.
b. One hundred new wineries open in California.
c. The price of a glass bottle increases significantly due to new government anti-shatter regulations. d. Researchers discover a new wine- making technology that reduces production costs.
e. The average age of consumers increases, and older people drink less wine.

copperox778

Suppose you are the manager of a California winery. How would you expect the following events to affect the market equilibrium price (up or down) you receive for a bottle of wine? Please state the shift (leftward or rightward) of demand or supply. a. The price of comparable French wines increases. b. One hundred existing wineries close in California. c. The price of a glass bottle increases significantly due to new government anti-shatter regulations. d. Researchers discover a new wine- making technology that reduces production costs. e. The average age of consumers decreases, and younger people drink more wine.