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.
Correct Answer:
Verified
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