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schepotkina [342]
3 years ago
10

Prices of California Merlot wine (assume that this is a normal good) have risen steadily in recent years. Over this same period,

prices for French oak barrels used for wine storage have dropped and consumer incomes have risen. Which of the following best explains the rising prices of California Merlots ?
a) the demand curve for Merlot has shifted to the right faster than the supply curve has shifted to the right

b) the supply curve for Merlot has shifted to the right faster than the demand curve has shifted to the right

c) the demand curve and the supply curve for Merlot have both shifted to the lefft

d) the supply curve for Merlot has shifted to the right while the demand curve for Merlot has shifted to the left
Business
1 answer:
Nikolay [14]3 years ago
7 0

Answer:

a) the demand curve for Merlot has shifted to the right faster than the supply curve has shifted to the right

Explanation:

As the income of consumers have increased that means that the buying capacity has increased, which contributes to increase in demand of the product.

Further the raw material required to manufacture the product now cost less, accordingly the supply will also be increased.

But the supply would only increase if the producers realize that the demand has increased.

Accordingly, demand shall increase faster than the increase in supply.

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The <u>main idea</u> of a business message summarizes what you want your audience members to do or think and why they should do so.

The primary purposes for sending commercial enterprise messages are commonly to tell and to persuade and visible cues, in addition, to permit the sender to tailor the message to the target market.

A message (verbal or nonverbal, or both) is the content material of the communication technique. The originator of the message in the communique procedure is the sender. The sender conveys the message to a receiver.

Knowing your target audience lets you make selections approximately what records you need to include, how you need to set up those records, and what sort of assisting details might be important for the reader to recognize what you're providing. It additionally influences the tone and structure of the record.

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