If You Were to Put the Following Effects of a Decrease

Multiple Choice

If you were to put the following effects of a decrease in demand into the sequence in which they occur, which would be last?

A) The demand curve facing each individual firm drops.
B) Each firm reduces quantity supplied to the point where marginal cost equals its now-lower marginal revenue.
C) In the short run, the market price drops.
D) Market output falls.
E) A short-run loss forces some firms out of business in the long run.