lon 4 7.5 points Save A survey indicates that chocolate is Americans' favorite ice cream flavor. If any of the following events happen, they would modify the equilibrium in the market chocolate ice cream, affecting the price of the product. Your task if to determine that effect. Below you have four events that demonstrate the above stated. In your answer you have to indicate two effects in the market: on demand or supply, and in th market prices. Among the options below, choose the correct effect on demand or supply and in the market prices vent C. he discovery of cheaper synthetic vanilla flavoring lowers the price of vanilla ice cream. Decrease in prices Decrease in supply Increase in supply Increase in demand Increase in prices Decrease in demand