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Decrease in Demand:
A decrease in demand for a commodity occurs when the consumption of a commodity decreases without a change in the commodity's own price. A decrease in demand causes a complete shift in demand curve of the commodity to the left as shown in Figure . The initial demand curve is given as D1D1 and as a result of a decrease in demand D1 has shifted completed to D2D2. The price of the commodity remains at c5,000 but consumption has increased from 80 to 40 bags.
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