How much substitutability do you suppose exists

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Question :Read the article "What''s Behind the Bottle Price" and answer the questions below:

a) How much substitutability do you suppose exists between inputs in winemaking? How might this factor affect efforts to cut costs?

b) If a firm was to find a new technology that cut the required ageing time in half, how would it affect the demand for other inputs?

file:///Users/chenzhuohao/Downloads/Whats-Behind-the-Bottle-Price.pdf article links

Reference no: EM131053765

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