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Noah Has Seen Costs Rise at His Pricey Coffee Shop

Question 69

Multiple Choice

Noah has seen costs rise at his pricey coffee shop. As owner of the coffee shop, he is considering switching to lower-cost coffee beans. In the long run, the coffee shop's brand may be destroyed because his:


A) prices would be too low.
B) price elasticity of demand would decrease.
C) brand would no longer be a signal of high quality.
D) competitors would leave the market.

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