Question: Draw a graph? Problem 3. The demand and supply schedules for potato chips are Quantity Quantity Price Demanded Supplied (cents per bag) (millions of bags

Draw a graph?

Problem 3. The demand and supply schedules for potato chips are Quantity Quantity Price Demanded Supplied (cents per bag) (millions of bags per week) 50 160 130 150 140 70 140 150 130 160 120 170 100 110 180 a. Draw a graph of the potato chip market and mark in the equilibrium price and quantity. Have price on the vertical axis and quantity on the horizontal axis. b. If the price is 60e a bag, is there a shortage or a surplus, and how does the price adjust

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