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Question: 27...

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The graph below depicts the market for pretzels. a. Use the diagram below to illustrate an increase in the price of potato chips Instructions: Use the tool provided New line to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Pretzels Tools S1 New line 01 Quantity of pretzels b. If the price of potato chips increases, the Click to select) pretzels wll Click to select). This will cause the equilibrium price to [ (Cick to select) and the equilibrium quantity tol (Cick to select) ;

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