Soppesed that a more efficient way to produce bicycle have heen discovered by Engineers. This decreases the cost of prod

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Soppesed that a more efficient way to produce bicycle have heen discovered by Engineers. This decreases the
cost of production. Assuming that the world of bicycle market is perfectly competitive, we can expect under
ceteris paribus that in the short run. this will:
A. lead to higher price and lower sold quantity of bicycle
B. lad to higher price and higher sold quantity of bicycle
C. lead to lower price and higher sold quantity of bicycle
D. lead to lower price and lower sold quantity of bicycle