Affect the price you receive for bottle of wine

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Reference no: EM131070800

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.

Reference no: EM131070800

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