The figure below shows the market for game day t-shirts. If the price of t-shirts is $8, then Price (dollars per t-shirt) 13 12 11 10 8 7 D 0 50 100 150 200 250 300 350 Quantity (number of t-shirts) O the market is in equilibrium. O there is a surplus and the price of t-shirts will rise. O the quantity demanded is greater than quantity supplied. O there is a shortage and the price of t-shirts will fall. O there is a surplus and the price of t-shirts will fall