4. (9) Use following site, which shows the market prices of soybeans:https://bit.ly/36LTHIW to answer the following questions.

a. (3)

b. (6) The breakeven prices - which is the price needed to cover all operating and fixed costs associated with owning a soybean farm (including implicit costs), is estimated to equal approximately $10/bushel. Given the most recent price, what can we predict will happen in the long run to the market supply or demand of soybeans, the market price of soybeans, and the economic profits of soybean farmers? Briefly explain.