Question: In Problem 27, a new dip increases the quantity of potato chips that people want to buy by 30 million bags per week at each

In Problem 27, 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?

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