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A. Draw a graph of the market for potato chips and show the equilibrium price and quantity.B. Describe the market situation for potato chips and
A. Draw a graph of the market for potato chips and show the equilibrium price and quantity.B. Describe the market situation for potato chips and explain how the price is adjusted if this product costs 60 cents per bag.C. If a new topping increases the quantity of potato chips demanded by 30 million bags per week at each price, how do the price and quantity of the potato chips change?D. If a virus destroys potato chip crops and the quantity supplied of this product decreases by 40 million bags per week at each price at the same time the dressing is introduced to the market, how do the price and quantity of French fries change?NOTE: In the previous parts you must make the corresponding graphs apart from the numerical calculation, the teacher added this work.In the screenshot, is the table for this assignment, in english it translate into "Price (cents per dollar)", "Quantity demanded (million bags per week)" and "Quantity offered (million bags per week)" in that particular order.
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