If the same dairy can produce either whole milk or skimmed milk, an increase in the profitability of whole milk results in O a. a decrease in the quantity supplied of whole milk. O b. an increase in the supply of whole milk. O c. a decrease in the supply of skimmed milk. O d. an increase in the supply of skimmed milk. If the price of a good is above the equilibrium price, O a. there is a shortage and the price will rise. O b. there is a surplus and the price will rise. O c. there is a surplus and the price will fall O d. there is a shortage and the price will fall