Question

Decrease in demand explain or define

Answer 1

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. A 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.

Answer 2

a decrease in demand is depicted as a lefrward shift of the demand curve.
when the consumers plan to purchase less of goods at each possible prize.
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