What happens to equilibrium price and quantity in the market for guitar strings when there is a simultaneous increase in the price of guitars and an increase in technology which lowers the cost of producing guitar strings?

Group of answer choices

We expect equilibrium price to increase, but equilibrium quantity is indeterminate.

We expect equilibrium quantity to decrease, but equilibrium price is indeterminate.

We expect equilibrium price to decrease, but equilibrium quantity is indeterminate.

We expect equilibrium quantity to increase, but equilibrium price is indeterminate.