Consider the market for haircuts. What does our understanding of the supply/demand model suggest will happen when the quantity demanded is larger than the quantity being supplied at the current price? (Click to selact) The model shows the existence of a market surplus of haircuts. The demand curve for haircuts will shift further to the left until we have equilibrium, The supply curve for haircuts will shift to the right until we have equilibrium. Those consumers willing and able to pay more will bid up the price until prices reach equilibrium