Answer :
Final answer:
When a new technology doubles the number of potato chips produced per hour, the supply of potato chips will increase, potentially leading to lower prices.
Explanation:
When a new technology doubles the number of potato chips produced per hour, the supply of potato chips will increase. This increase in supply is a result of higher production efficiency, which allows more goods to enter the market.
For example, with the new technology, if before the supply was 100 bags of chips per hour, it would now become 200 bags per hour due to the doubling of production.
This increase in supply could lead to potentially lower prices for potato chips due to the higher availability of the product.
It also illustrates the economic concept of supply and demand, demonstrating how improvements in production technology can affect market dynamics and consumer behavior.