If the demand curve for ice cream is downward-sloping and the supply of it decreases,there is _____ in consumer surplus.
A)an increase
B)a decrease
C)no change
D)It's impossible to tell what will happen to consumer surplus.

Question

Quizplus · Accepted Answer

When the supply of ice cream decreases, the equilibrium price will increase, resulting in a decrease in consumer surplus for the portion of the demand curve that lies above the new equilibrium price.

If the Demand Curve for Ice Cream Is Downward-Sloping and the Supply