Figure 4-8 Price $20 18 16 14 12 10 N 0 10 20 30 40 50 60 70 80 90 100 Quantity 8. Refer to Figure 4-8. In this market, the change in consumer surplus from a increase in price from $10 to $14 is a. $40 decrease. b. $40 increase. C. $160 increase. d. $160 decrease. e. none of the above. 9. Refer to Figure 4-8. If price in this market is currently $14, there would be a a. shortage of 20 units and the law of demand predicts that the price will rise from $14 to a higher price. b. excess supply of 20 units and the law of supply and demand predicts that the price will fall from $14 to a lower price. C. shortage of 40 units and the law of supply predicts that the price will fall from $14 to a lower price. d. surplus of 40 units and the law of supply and demand predicts that the price will fall from $14 to a lower price