Wset level 4 - Study guides, Class notes & Summaries

Describe what happens when relative supply and demand change - ANSWER - When supply exceeds demand: price falls, consumer have greater choice of cheaper alternatives. Producers lower price to remain competitive. Fall in prices lead to increased demand in the long run - When demand exceeds supply: price increase, consumers willing to pay higher for some wines; others simply switch to another wine or a different alcoholic drink The general factors affecting demand for wine - ANSWER - S...

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WSET Level 4 D2 Exam 2024 with Complete Solutions

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Unlock your potential and ace your WSET D1 exam with these meticulously crafted study notes, meticulously curated to provide you with the most up-to-date information and insights. Developed by a seasoned WSET educator, these study materials encompass all the essential topics covered in the WSET level 4 D1, ensuring you're thoroughly prepared to excel in your examination. Inside this comprehensive study guide, you'll find: Thorough Coverage: Every aspect of the WSET D1 syllabus is covered...

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