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Wset level 4 d2 quastions - Study guides, Class notes & Summaries

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WSET Level 4 D2 quastions and answers

  • WSET Level 4 D2 quastions and answers

  • Exam (elaborations) • 28 pages • 2024
  • WSET Level 4 D2 quastions and answers Describe what happens when relative supply and demand change - 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 drinkThe ge...
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