After a decrease in demand because of a change in consumer tastes induces firms to leave the industry Blank______. Multiple choice question. the market supply of the product will increase, the product price will drop and economic losses will disappear when price and minimum ATC are equal the market supply of the product will decrease, the product price will rise and losses will disappear when price and minimum ATC are equal the market supply of the product will increase, the product price will rise and losses will disappear when price and minimum ATC are equal the market supply of the product will decrease, the product price will rise and economic profits will disappear when price and minimum ATC are equal