Exam (elaborations)
WSET Level 4 D2 QUESTIONS AND ANSWERS ALREADY GRADED A+ Describe what happens when relative supply and demand change CORRECT ANSW-- When supply exceeds demand: price falls, consumer have greater choice of cheaper alternatives. Producers lower
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WSET Level 4 D2 QUESTIONS AND ANSWERS ALREADY GRADED A+ Describe what happens when relative supply and demand change CORRECT ANSW-- When supply exceeds demand: price falls, consumer have greater choice of cheaper alternatives. Producers lower price to remain competitive. Fall in...
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