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? You may include graphs if they help illustrate your response.
a) The price of comparable import wines decreases-
b) One hundred new wineries open in California-
c) The unemployment rate in the United States increases-
d) The price of cheese increases-
e) The price of glass bottles increases significantly-
f) A new wine-making technology is introduced that reduces production costs-
g) The average age of consumer’s increases and older people drink less wine-