Graphically, the market demand curve is: O the vertical sum of individual demand curves. O the horizontal sum of individual demand curves. O greater than the sum of the individual demand curves. O steeper than any individual demand curve that is part of it. A market is in equilibrium: O at all prices above that shown by the intersection of the supply and demand curves. O whenever the demand curve is downsloping and the supply curve is upsloping. O if the amount producers want to sell is equal to the amount consumers want to buy. O provided there is no surplus of the product. Sn so SA Price Quantity Using the graph above, a change from Point A to Point E represents a(n):
O increase in quantity supplied.
O increase in supply. decrease in supply. O decrease in quantity supplied.