Which of the following best describes why a price of \[\$16\] would not be considered an equilibrium price? Choose 1 answer: Choose 1 answer: (Choice A) Quantity supplied is less than quantity demanded, causing a surplus, which will cause the price to fall A Quantity supplied is less than quantity demanded, causing a surplus, which will cause the price to fall (Choice B) Quantity supplied is greater than quantity demanded, causing a shortage, which will cause the price to rise. B Quantity supplied is greater than quantity demanded, causing a shortage, which will cause the price to rise. (Choice C) Quantity supplied is less than quantity demanded, causing a shortage, which will cause the price to rise. C Quantity supplied is less than quantity demanded, causing a shortage, which will cause the price to rise. (Choice D) Quantity supplied is greater than quantity demanded, causing a surplus, which will cause the price to fall. D Quantity supplied is greater than quantity demanded, causing a surplus, which will cause the price to fall. (Choice E) Quantity supplied is greater than quantity demanded, causing a surplus, which will cause the price to rise. E Quantity supplied is greater than quantity demanded