Which of the following would not cause a decrease in demand for potato chips? a decrease in income (assuming that potato chips are a normal good) an increase in the price of potato chips an increase in the price of onion dip (often eaten together with potato chips) O fewer people like potato chips

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A:

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Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.