Price $.30 $25 $20- Equilibrium Price $16.25->- $15 All the statements listed above are true. $10 $5 50 10 10 20 Supply Demand J Birs EL 40 30 140 50 60 70 L Quantity 80 in thousands Equilibrium Quantity = 37,500 Looking at the equilibrium graph shown above, which of the statements listed below is not true? If a producer sells a product for Ep and produce a quantity equal to Eq., the producer will have no surplus. At equilibrium, the quantity supplied equals the quantity demanded. O The higher the price, the higher the demand. The higher the price, the higher the quantity supplied.

Eooking at the equilibrium graph shown above, which of the statements listed below is not true? If a producer sells a product for Ep and produce a quantity equal to Eq, the producer will have no surplus: At equilibrium, the quantity supplied equals the quantity demanded, The higher the price, the higher the demand. The higher the price, the higher the quantity supplied. All the statements listed above are true