27. Suppose that a technological breakthrough occurs in the production of cell phones. All else equal, the equilibrium price of cell phones will ____________ , the equilibrium quantity of cell phones sold will __________, Consumer surplus will ____________, and producer surplus will ____________.

1. Increase, decrease, increase, decrease
2. Decrease, decrease, decrease, increase
3. Decrease, decrease, increase, increase
4. Decrease, increase, increase, increase