If the demand curve for ice cream is downward-sloping and the supply 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

A decrease in supply would shift the supply curve to the left, causing a higher equilibrium price and a lower equilibrium quantity. This would result in a decrease in consumer surplus as consumers would have to pay a higher price for the same quantity of ice cream they previously purchased.

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