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Question 29 Use the figures below to answer the following questions. Figure 14-9 (a) (b) Price Price Supplya MC Supply1 ATC Po Po Demand, Demand Q, Q2 Quantity Ofjoyof Quantity Refer to Figure 14-9. Assume that the market starts in equilibrium at point A in panel (b). An increase in demand from Demand ( to Demand ] will result in a new market equilibrium at point D. O an eventual increase in the number of firms in the market and a new long-run equilibrium at point C. O rising prices and falling profits for existing firms in the market. O falling prices and falling profits for existing firms in the market