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If new coffee shops open, what is most likely to happen to the demand curve facing Coco's Coffee? Choice 1 of 4:It will shift down

If new coffee shops open, what is most likely to happen to the demand curve facing Coco's Coffee? Choice 1 of 4:It will shift down and become more elastic Choice 2 of 4:It willl shift up and become more elastic Choice 3 of 4:It will shift down and become more inelastic Choice 4 of 4:It willl shift up and become more inelastic

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