In Problem 20, a new dip increases the quantity of potato chips that people want to buy by 30 million bags per week at each price.  a. Does the demand for chips change? Does the supply of chips...


In Problem 20, a new dip increases the quantity


of potato chips that people want to buy by 30


million bags per week at each price.


 a. Does the demand for chips change? Does the


supply of chips change? Describe the change.


 b. How do the equilibrium price and equilibrium


quantity of chips change?



May 26, 2022
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