Question

Genetically modified soybean seed is an example of a new technology that has increased productivity. as a result, this new technology _____ production costs and _____ the supply of soybeans.

Answer 1

I believe the answer is lowered; increased
Due to the new technology in Genetically modified soybeans, the company would need less workers to grow the product and would fasten the process of growing the product into having certain desirable traits.
This will lower the total production cost and increase total productions/supply of the product.