There are about $400$ wineries in California's Napa Valley. Suppose the owner of one of the winerieslong dashJerry's Wine Emporiumlong dashraises the price of his wine by $$5\mathrm{.}00$ per bottle.Part $2$If the industry is perfectly competitive, the reaction of consumers would be toA.buy some, but less of$,$ Jerry's wine.B$.$buy more of Jerry's wine.C$.$stop drinking wine.D$.$buy wine from another winery.