Suppose a Product Suddenly Loses Popularity and the Firms Producing

Multiple Choice

Suppose a product suddenly loses popularity and the firms producing the product begin to realize large losses.As firms exit the market,the equilibrium price in the market will

A) increase and make it more attractive for the remaining firms stay in business.
B) decrease and make it more attractive for the remaining firms stay in business.
C) decrease further and push more firms out of business.
D) decrease further while making the remaining firms realize profits again.