1. As prices decrease, what happens to the quantity demanded?Increase / Decrease 2. As prices increase, what happens to the quantity demanded? Increase / Decrease 3. As prices decrease, what happens to the quantity supplied? Increase / Decrease 4. As prices increase, what happens to the quantity supplied? Increase / Decrease 5. At what price will the quantity people are willing to buy (quantity demanded) be equal to the quantity that producers are willing to sell (quantity supplied)? 6. The price where quantity demanded meets quantity supplied is called ____________________________. 7. Graph the supply and demand for jelly-filled doughnuts. A. Label Qty. Demanded = d B. Label Qty. Supplied = s C. Correctly label y and x axis