(Problem 14a.) Will Shakespeare is a struggling playwright in sixteenth-century London. As the price he receives for writing a play increases, he is willing to write more plays. For the following situations, choose the statement which best explains how the event affects the equilibrium price and quantity in the market for Shakespeare's plays. The playwright Christopher Marlowe, Shakespeare's chief rival, is killed in a bar brawl. The demand for Shakespeare's plays will increase, and as a result, equilibrium price will fall and equilibrium quantity will rise. The demand for Shakespeare's plays will increase, and as a result,