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WSET Level 4 D2 Exam Questions With 100% Correct Answers 2024(A+ Graded Verified)
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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 - Social - Economic - Legislative - Political List major social factors affecting demand for wine - ANSWER - Change in consumption habits - Change in consumer preferences - Change in reputation - Change in spending patterns
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WSET Level 4 D2
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WSET Level 4 D2
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Written for
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- WSET Level 4 D2
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- WSET Level 4 D2
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- Uploaded on
- June 6, 2024
- Number of pages
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- Written in
- 2023/2024
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wset level 4 d2 exam questions with 100 correct a
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describe what happens when relative supply and dem
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the general factors affecting demand for wine an
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list major social factors affecting demand for w
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