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Lesson 3 2.0. Suppose Joe Cuppa owns a coffee shop in lavatown and he calculates his coffee shop is operating at capacity and cannot produce
Lesson 3 2.0. Suppose Joe Cuppa owns a coffee shop in lavatown and he calculates his coffee shop is operating at capacity and cannot produce more coffee, despite the new processing plant If'Joe does not increase his production, what will happen to the price of coffee at his coffee shop and his coffee shop's revenues? (1} Price will increase and revenue will decrease. (2} Price will not change and revenue will remain the same. (3} Price will decrease and revenue will decrease. (4} Price will decrease and revenue will remain the same. 20 Total Marks
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