(Figure: Price and Quantity I) the Decrease in Supply from S₁

Multiple Choice

(Figure: Price and Quantity I) The decrease in supply from S₁ to S₂ will cause consumer surplus to _____ and producer surplus to _____.

A) decrease by $10.50; decrease by $4.50
B) decrease by $5.50; increase by $3
C) increase by $6; decrease by $18
D) decrease by $10.50; decrease by $6.67