The Queen Victoria Markets in Melbourne consists of hundreds of vendors selling fresh produce. Assume each stall vendor sells the same type of apple. As a result of a new apple pie craze, the demand for this type of apple increases dramatically.

Which of the following statements is true?

Individual vendors will be able to supply more apples due to the lower market price.

Individual vendors will be able to supply more apples as a result of a shift in supply.

Overall supply of apples in the market will decrease.

The increase in market demand for apples will decrease the elasticity of each firm's demand curve.

The increase in market demand will lead to each individual vendor's demand curve shifting upwards.