Decrease in demand explain
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in business if demand decreases means
That someone don't want their product .They don't demand for their products
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Whereas the contraction in demand implies the fall in quantity demanded as a result of rise in price decrease in demand means the whole demand curve shifts to a lower position and in other words decrease in demand means that at various prices less is demanded than before. A decrease in the willingness and ability of buyers to purchase a good at the existing price illustrated by a leftward shift of the demand curve and decrease in demand is caused by a change in a demand determinant and results in a decrease in equilibrium quantity and a decrease in equilibrium price.
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