Suppose two parties have agreed to enter into a forward contract for silver with a delivery price of F = $24. If the price of silver increases while the contract is in effect,

Group of answer choices

the payoff to the long position increases and the payoff to the short position increases.

the payoff to the long position increases and the payoff to the short position decreases.

the payoff to the long position decreases and the payoff to the short position decreases.

the payoff to the long position decreases and the payoff to the short position increases.