Use the Figure Below to Answer the Following Question(s)

Use the figure below to answer the following question(s) .
Figure 3-8

-In Figure 3-8,if the initial demand and supply for soybeans were D₁ and S₁,how would a decrease in the cost of producing soybeans affect the market for soybeans?

A) Demand would increase to D₂,price would increase to P₂,and the quantity would increase to S.
B) Supply would increase to S₂,price would decrease to P₀,and the quantity would increase to S.
C) Both demand and supply would increase so the price would remain at P₁,but the quantity would increase to T.
D) None of the above would occur.