Consider the market for beef cattle. In January, Cargill Inc. announced plans to shut its beef-processing facility in Plainview, Texas as of February 1. Cargill is one of the country's largest beef cattle buyers. Closing the Texas facility would cut industry slaughtering capacity by approximately 4 percent. Cargill's move effectively removes one of the biggest buyers bidding for beef cattle. In the market for beef cattle, the market price _____ and market quantity _____.

Group of answer choices

increases...increases

increases...decreases

decreases...increases

decreases...decreases