The table below shows the supply and demand schedules for sales of rolls of toilet paper.

PRICE QUANTITY DEMANDED QUANTITY SUPPLIED (rolls/week)

(dollars/rolls) (rolls/week) (rolls/week)

$2.00 3,000 1,000

$3.00 2,500 1,500

$4.00 2,000 2,000

$5.00 1,500 2,500

$6.00 1,000 3,000

Q-A rise in population increases the quantity demanded of toilet paper by 1,000 rolls per week at EACH price. Explain how the toilet paper market adjusts to its new equilibrium.