Scientists have discovered a new way to grow more oranges from a single orange tree.

What is this likely to mean for orange, and orange juice consumers?

1 - prices will fall & output increases in short-run; prices return to their original level & output increases further in the long run

2 - prices fall & output increases in the short run, but prices & output both return to original levels in long-run

3 - prices fall, output increases in short-run and long-run

4 - Prices fall & output doesn't change in the short & long runs