Question 6 (1 point) Saved )Listen Relative to the initial equilibrium, when supply decreases, there will be an increase in price and a decrease in quantity. O a decrease in price and a decrease in quantity. O an increase in price and an increase in quantity. Oan indeterminant change in price and an increase in quantity. Question 7 (1 point) Saved , Listen There is excess demand in the market when people want to buy less than what others are willing to sell at that price. the current price is less than the equilibrium price. the current price is equal to the equilibrium price. the current price is greater than the equilibrium price.Question 9 (1 point) Saved Listen If, at the current price, buyers are willing to purchase 5 units while sellers are willing to sell 15 units, then we cannot determine if the market is in equilibrium. there is excess supply. there is excess demand. the market is in equilibrium. O