A recent diet trend has made snack cakes far less popular than they once were. As such, demand for snack cakes is expected to fall. As demand falls, _____.(1 point)

Responses

consumers face lower prices, and are encouraged to consume more
consumers face lower prices, and are encouraged to consume more

producers make higher profits, and more will enter the market
producers make higher profits, and more will enter the market

producers make lower profits, and some will exit the market
producers make lower profits, and some will exit the market

consumers face higher prices, and are encouraged to consume less