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A wivey indicates that chocolate is Americans' favorite ice cream favor if any of the following avents happers. They would modify the equilibraim in the market of chocolate ice cream, affecting the price of the product. Your tai 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 the market prices Among the options below, choose the correct effect on demand or supply and in the market prices Event A. A severe drought in the Midwest causes dairy farmers to reduce the number of milk-producing cattie in their herds by a third These dairy farmers supply cream that is used to manufacture chocolate ice cream Decrease in Supply Increase in Prices Decrease in Prices Increase in Demand Increase in Supply Decrease in Demand