How will consumers generally react to an increase in the price of butter? a. They will reduce their purchases of substitute goods like margarine. b. They will substitute other goods like margarine for the more expensive butter. d. They will purchase a larger quantity of butter.

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They will substitute other goods like margarine for the more expensive butter.

How will consumers generally react to an increase in the price of butter? a. They will reduce their purchases of substitute goods like margarine. b. They will substitute other goods like margarine for the more expensive butter. d. They will purchase a larger quantity of butter.

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How will consumers generally react to an increase in the price of butter? a. They will reduce their purchases of substitute goods like margarine. b. They will substitute other goods like margarine for the more expensive butter. d. They will purchase a larger quantity of butter.

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