ECON Test: Module 1 graded test (What is economics?) 17 of 20 (16 complete) This Question: 1 pt Price (dollars per newpaper) Over what range of prices does a surplus occur? What happens to the price when there is a surplus? S The graph shows the demand curve and the supply curve in the market for newpapers. Draw a horizontal line at a price at which there is a surplus of newpapers. Label it Surplus When a surplus arises, the price to its equilibrium, which O A. rises; decreases the quantity demanded and increases the quantity supplied 2- O B. rises, decreases demand and increases supply D O C. falls, increases demand and decreases supply O D. falls, increases the quantity demanded and decreases the quantity supplied Quantity (millions of newpapers per year) >>> Draw only the objects specified in the question. Selected: none A Delete Clear ? Click the graph, choose a tool in the palette and follow the instructions to create you