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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
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