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Business, 28.09.2019 01:00 bethania26

There are about 400 wineries in california’s napa valley. suppose the owner of one of the wineries—jerry’s wine emporium—raises the price of his wine by $5.00 per bottle. if the industry is perfectly competitive, the reaction of consumer would be to

a) buy more of jerry’s wine
b) buy some, but less of , jerry’s wine
c) buy wine from another winery
d) stop drinking wine

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There are about 400 wineries in california’s napa valley. suppose the owner of one of the wineries—j...
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