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The graph shows the demand for and supply of potato chips. Draw a curve that shows the effect of a new dip that increases the
The graph shows the demand for and supply of potato chips. Draw a curve that shows the effect of a new dip that increases the quantity of potato chips that people want to buy by 60 million bags per week at each price. Label the curve. Draw a point at the new equilibrium price and quantity. Price (cents per bag) 105 95 85 75 65 55 45 1 05 0 125 145 165 185 205 Quantity (millions of bags per week] 225
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