15.00 Supply 10.0 Price DO'S Demand 1000 2000 3000 Quantity In the graph above assume that the current market price of chairs is $15 each. This price is: At equilibrium price Not at equilibrium prices, since there is an excess demand at a price of $10 At equilibrium price, since suppliers can store inventories in their warehouses Not at equilibrium since the rate at which chairs are being supplied is greater than the rate at which they are being demanded