Answer:
The volume of a balloon decreases, then the air pressure within the balloon increases
Step-by-step explanation:
The relation between volume and pressure of of a balloon is given by using Boyle's law. Mathematically, the Boyle's law is given by :

k is the constant
It shows that there is an inverse relationship between pressure and volume of a balloon. In this case, the volume of a balloon decreases, then the air pressure within the balloon increases. So, the correct option is (B) "it increases".