Peanut butter and almond butter are substitutes. A technological breakthrough improves the production technology for peanut butter, reducing its marginal cost of production. Which of the following statements are likely to be correct about the new equilibrium compared with the old equilibrium before the technological breakthrough? Quantity of peanut butter bought in the new equilibrium is larger Price of almond butter in the new equilibrium is lower Quantity of both peanut butter and almond butter will be higher in the new equilibrium a. (i) and (ii) b. (ii) and (iii) c. (i) and (iii) d. (i), (ii), and (iii) e. None of the above