The Demand for Clothing Decreases

Multiple Choice

The demand for clothing decreases.As a result,the price of clothing falls below the minimum possible average cost of producing it.In the long run,if the clothing industry is a perfectly competitive industry,

A) the price of clothing will fall.
B) the supply of clothing will increase.
C) some of the firms in the clothing industry are likely to go out of business.
D) there will be no effect on the supply of clothing.
E) firms will enter the clothing industry.