Business, 18.03.2021 01:40, DogeDog6954

September, 2017, over twenty wildfires devastated over 5000 homes, businesses, and institutions in Northwestern California. Many acres of NAPA Valley grapes and several small wineries were destroyed. Wine enthusiasts believed there would be a sharp decrease in the size of the Fall Napa Valley grape harvest. Seemingly this would not affect the market for red wines too much because there should be many substitutes from stocks around the world. However, this disaster has occurred at a particularly unfortunate time. An increasing number of research studies have concluded that red wine produced from NAPA Valley grapes is instrumental in promoting healthy heart longevity relative to red wine produced from other sources. This phenomenon is attributed to the unique microclimate and soil conditions found in NAPA Valley. Your team is to analyze the economics of the situation and explain it to potential investors in Napa Valley Wines. What affect on the supply side of the market have the fires had

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September, 2017, over twenty wildfires devastated over 5000 homes, businesses, and institutions in N...