8) The following site shows the market prices of soybeans: https://bit.ly/36LTHIWUse it to answer the following questions.

1. (3) What was the average closing price of soybeans in 2019 and what is the average closing price of soybeans in 2021?
2. (5) The breakeven prices - which is the price needed to cover all operating and fixed costs associated with owning a farm (including implicit costs), is estimated to equal approximately $9.50/bushel.Given the most recent price, what can we predict will happen over time to the number of soybean farms, the market supply or demand of soybeans, the equilibrium price of soybeans, and the economic profits of a typical soybean farmer?Explain why these will happen in your answer.