Question

If there is an boycott on a rubber manufacturing company and consumers are no longer purchasing...

If there is an boycott on a rubber manufacturing company and consumers are no longer purchasing the good or service, how are consumers adjusting their buying? discuss.

Homework Answers

Answer #1

In case of boycott on a rubber manufacturing company and consumers no longer purchasing rubber goods, they are adjusting their buying by looking for a substituent product of rubber. Consumers can for buying Silicone products as a substituent of rubber in order to adjust their buying.

The same case also happens in case of one product becoming expensive or in case of shortage of supply. For instance, if petrol becomes expensive or there is a shortage of supply of petrol, consumers substitute petrol with diesel driven cars as diesel is a substituent of petrol.

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