Suppose the demand for Maple syrup is price elastic. Then, a decrease in the supply of Maple syrup will Question 25Select one: A. decrease the equilibrium quantity and lower the price. B. decrease the equilibrium quantity and decrease consumer spending on Maple syrup. C. lower the equilibrium price but increase total consumer spending on Maple syrup. D. raise the equilibrium price but total consumer spending for Maple syrup will remain unchanged. E. raise the equilibrium price and increase total consumer spending for Maple syrup