The wholesale price of one bottle of Veritas Vineyards wine, always a profitable brand, is the same today as it was in 1991. ███ ████████████ ██████ ██ █████ ██ ███ █████████ █████ █████ ███ █████ ██ █████████ ███ ███████ █████ █████ ███████ ███ ████ ██ ███ ██████████ ██ ███ █████ ███████ ██████████ ███ ██ ███ ██████ ███████ ████ ███ ███ ████████ ███ ██ ███ █████ ██ ███ ██████████ ██ █████████ █ ██████ ██ ███████ █████████ ████ ████ ████████ █████████ ██████ ████ ██ ███ ██████ █████ ████ ██████ █████ ██ ████ █████ ██ ████ ███ ██ █████
The wholesale price of one bottle of Veritas Vineyards wine is the same today as it was in 1991. The winegrower’s profit is equal to the wholesale price minus the cost of the glass bottles and the corks. Between 1991 and today, all of the costs to produce a bottle of Veritas Vineyards wine have remained constant, except that of the corks. Corks cost twice as much today as they cost in 1991.
Each bottle of Veritas Vineyards wine sold today generates less profit than each bottle sold in 1991. We know this because the cost of corks has gone up, all other costs have remained the same, and the wholesale price has stayed the same.
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