1. Which statement is true about a decrease, or leftward shift, in the market demand curve? A. The more elastic the demand curve, the less of a reduction to consumer surplus. B. The more elastic the demand curve, the greater the increase in total economic surplus. C. It will automatically lead to a leftward shift in supply. D. It will automatically lead to a rightward shift in supply. E. It will increase the equilibrium quantity. 2. Use the graph attached to answer the question. Which of the following would lead to a market surplus? A. A price of P1. B. A price of P2. C. A price of P3. D. A quantity demanded of Q2. E. A quantity demanded of Q3.