Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

WORLD VIEW Imported Wine Squeezing U.S. Vintners American consumers are sipping increasing quantities of Italian and French wines. In 2018 U.S. wine consumption barely inched

WORLD VIEW
Imported Wine Squeezing U.S. Vintners
American consumers are sipping increasing quantities of Italian and French wines. In 2018 U.S. wine consumption barely inched up to 348 million cases, an increase of less than 1 percent. Imports accounted for 23.7 percent of that total consumption, up 1.7 percent from 2017. That increasing import competition is keeping wine prices low and encouraging domestic vinters to convert their vineyards into almond or avocado farms.
Source: Industry reports, November 2019-February 2020.

If there are 12 bottles in a case of wine,

a. how many bottles of wine did Americans consume in 2018?

million bottles

b. how many of those were imported?

million bottles

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Basic Statistics

Authors: Charles Henry Brase, Corrinne Pellillo Brase

6th Edition

978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021

Students also viewed these Economics questions