In Javatown. the price elasticity of demand and price elasticity of supply are both relatively inelastic [elasticity is less than l]._]avatown has dozens of independent cc'ee shops that are small enough that they do not affect each other's prices. Due to the opening of a new coffee bean processing plant, the amount of coffee that each of the coffee shops in Javatown can produce has increased. 19. What will happen to the price of coffee inJavatcwn and the coffee shops' revenues due to the supply increase? [1} Price will decrease and revenue will decrease. [2} Price will not change and revenue will increase. [3} Price will decrease and revenue will remain the same. is} Price will increase and revenue will decrease