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Question 28 Imagine that the number of buyers in a market for soya beans decreases; at the same time, a technological advancement in the production

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Question 28 Imagine that the number of buyers in a market for soya beans decreases; at the same time, a technological advancement in the production of soya beans occurs. What would we expect to happen in this market? 0 The demand will decrease and the skipply will increase: equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. O The demand will decrease and the supply will increase: equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. O The demand will increase and the supply will decrease: equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. O The demand will remain unchanged but the supply will increase: equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous

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