Will the equilibrium price and quantity of ventilators increase or decrease if a new cost-saving technology is discovered?Select one:

a. The discovery of this new technology is a supply shifter and will result in an increase in the quantity and decrease in the price of ventilators.

b. The discovery of this new technology is a demand shifter and will result in an increase in both the quantity and price of ventilators.

c. The discovery of this new technology is a supply shifter and will result in an increase in the price and decrease in the quantity of ventilators.

d. The discovery of this new technology is a demand shifter and will result in a decrease in both the quantity and price of ventilators.