Suppose that the demand for vaccines increases dramatically, but the quantity supplied barely changes after the shift in demand. We can conclude: Group of answer choices that demand is elastic, which means that the demand curve is relatively steep. Thus, the equilibrium price will increase. that supply is inelastic, which means that the supply curve is relatively steep. that supply is elastic, which means that the supply curve is relatively flat. Thus, the equilibrium price will increase dramatically. that demand is inelastic, which means that the demand curve is relatively steep. Thus, the equilibrium price will not change much