Figure 4-4 Price $30 - 25 20 - 15 10 5 100 200 300 400 500 600 700 800 Quantity Refer to the figure. What happens in this market if the price is higher than $10? O There is excess demand until the price level reaches $20. There is excess supply if the price is higher than $20. O The supply curve shifts to the right. Any price higher than $10 ensures that demand and supply are equal. O The demand curve shifts to the right