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The quantity exchanged in the market will be below the equilibrium quantity only if there is excess supply. only if there is excess demand. if there is either excess supply or demand. in no imaginable situation. ECON 201-2 E) only if price is below the equilibrium price 5. Which of the following statements is correct for a market with an upward-sloping supply curve and a downward-sloping demand curve? A) If the supply curve shifts left and demand remains constant, equilibrium quantity will rise. B) If the supply curve shifts right and the demand curve remains constant, equilibrium price will rise. C) If the demand curve shifts left and the supply curve shifts right, equilibrium price will rise. D) If the demand curve shifts right and the supply curve shifts left, equilibrium price will Activ rise. E) If the demand curve shifts left and the supply curve shifts left, equilibrium quantity will Go to