Assume this is the market for smoothies in Valdosta. Which of the following would happen if one of the major smoothie chains went out of business?
(1 point)
Responses
supply of smoothies would shift right
supply of smoothies would shift right
demand for smoothies would decrease
demand for smoothies would decrease
price of smoothies would increase
price of smoothies would increase
all of these would occur
all of these would occur
1 answer
price of smoothies would increase