A company uses a short hedge to hedge the price risk of an expected sale of a commodity in three months. If the basis in three months turns out to be lower than expected, how does it affect the effective price of the commodity for the company after taking into account the loss$/$gain from the hedge?

$($a$)$ It increases the effective purchase price paid by the company.

$($b$)$ It decreases the effective purchase price paid by the company.

$($c$)$ It increases the effective sale price received by the company.

$($d$)$ It decreases the effective sale price received by the company