>>212797773 (OP)Wrong. That's not how economics works.
Using coffee as an example what would actually happen is one or more of these
>>Coffee companies will start using cheaper coffee beans in their roasts, or make cost cuts in their company instead of increasing prices to the consumer>consumers would just absorb the hit because coffee is a must-buy for them, meaning sales of something else will go down>coffee cans will shrink in size but remain the same price>consumers will buy the next cheapest option from what they had previously purchased. Folgers instead of Eight O'clock, Great Value instead of Folgers.