If the supply curve of ice cream is upward-sloping and demand for it decreases,there will be _____ in producer surplus.

A) an increase
B) a decrease
C) no change
D) It's impossible to tell what will happen to producer surplus.

Producer Surplus

represents the difference between what producers are willing to accept for a good or service and the actual price they receive, measuring their benefit.

Supply Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity supplied by producers.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.