Explain, for each of the following events, what happens in the market for regular potato chips in a small college town in New England. EVENT WHICH WHIC WHAT HAPPENS CURVE H TO SHIFTS WAY? EQUILIBRIUM... PRICE QUANTITY 1. The price of dip increases dramatically. 2. A number of new firms decide to manufacture potato chips. 3. The price of pretzels goes down. 4. Medical studies show that potato chips are high fat and bad for your health. 5. New, extra spicy potato chips are introduced in the market