Assume a market is currently at the equilibrium price and quantity, and a price ceiling is set below equilibrium price. Which of the following statements is true; When a price ceiling is set below the equilibrium price, the quantity supplied will rise and the quantity demanded will fall, causing a surplus There is nothing causing the price to fall from the equilibrium level. There is nothing preventing the price from rising to its equilibrium level. The quantity demanded will rise and the quantity supplied will fall, causing a shortage