Question: Suppose there are seven coffee shops located on the same busy street. If two of the coffee shops close, which of the following will occur,

Suppose there are seven coffee shops located on the same busy street. If two of the coffee shops close, which of the following will occur, holding all else fixed?
Correct Answer(s)
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The price of coffee will increase.
The supply of coffee will increase, since the remaining shops will sell more than before.
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Incorrect Answer(s)
Suppose there are seven coffee shops located on

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