If the price of a product was $600, but the supply and demand curves remained unchanged, answer the Price 500 400 following: 100 200 100 100 150 200 250 300 350 400 450 500 Quantity What is the quantity demanded at this price? 200 What is the quantity supplied at this price? 400 Are we in equilibrium, shortage or surplus? surplus What will happen to price? increase What will happen to quantity supplied? decrease