Business, 03.09.2019 03:30 Emptypockets451

Suppose you are trying to understand the effect that an increase in the price of grapes will have on the market for wine.
an effective model to determine this effect is one that evaluates the change in the price of grapes on the market quantity of wine assuming:
a) buyers' incomes also change.
b) buyers' preferences and incomes also change.
c) some wines use different grapes.
d) no other change takes place.

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