(Solved by Expert Tutors) According to a recent article in the Wall Street Journal. ?Federal

forecasters?anticipate record soybean harvests this year as a result of excellent weather including ample rainfall that blessed much of the Midwest in August..? Assuming that no other factors affecting the demand for or supply of?soybeans? occur this autumn which of the following statements would be correct? about soybeans this year compared with last year?:
1)????? there would be an increase in the demand (shift) for soybeans
2)????? there would be an increase in the quantity demanded of soybeans
3)????? there would be an increase in the supply (shift) of soybeans
4)????? there would be an?increase in the quantity supplied of soybeans
5)????? there would be a?decrease in the price of soybeans

 

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