When we compare the monopsonist to the competitive market, what effect does a monopsonist have on the quantity supplied, and by how much does it change? The monopsonist quantity supplied is higher than the competitive market quantity supplied. It rises by Q subscript M. The monopsonist quantity supplied is higher than the competitive market quantity supplied. It rises by Q subscript E Q subscript M. The monopsonist quantity supplied is lower than the competitive market quantity supplied. It falls by Q subscript M. The monopsonist quantity supplied is lower than the competitive market quantity supplied. It falls by Q subscript E Q subscript M