In what direction does the market supply curve shift and what is the change in the market price when some firms exit an industry in which firms are incurring economic​ losses? Question content area bottom Part 1 When some firms exit an industry in which firms are incurring economic​ losses, the market supply curve shifts​ _______ and the market price​ _______.

A. ​leftward; falls
B. ​leftward; rises
C. ​rightward; falls
D. ​rightward; rises