b. What relationship should characterize the relationship between the price of tater lights and the quantity of tater lights demanded per month? Why (e.g. in theory)? Relationship: Reason: + c. Suppose that Cape Cod Chip Company reduces the price of their 'kettle cooked' potato chips by 50%. Market studies indicate that tater lights compete with premium brand chips like the Cape Cod Co. products. Will this affect the supply of or the demand for the Tater Lights. How would the curve be affected? Supply / Demand (circle one). Direction of adjustment: ( 1/2 ) _ ( 1/2 )