Ask Question
4 April, 21:00

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

+2
Answers (1)
  1. 5 April, 00:30
    0
    c) Buy wine from another brewery
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers