Which of the following is true if there is a decrease in the demand for cupcakes?
A.There is an increase in producer surplus.
B.There is an increase in consumer surplus.
C.There is an increase in total surplus.
D.There is a decrease in producer surplus.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is true if there is a decrease in the demand for cupcakes?
A.There is an increase in producer surplus.
B.There is an increase in consumer surplus.
C.There is an increase in total surplus.
D.There is a decrease in producer surplus.

Which of the Following Is True If There Is a Decrease