market of a commodity is in equilibrium. demand for the commodity decreases. explain the chain of effects of this change till the market again reaches equilibrium. use diagram

Dear Student, 
The answer to this question is available in Delhi Board Paper Set-2. Visit the link mentioned below and then scroll down to Q.14 to view the answer. 

https://www.meritnation.com/cbse/class12-commerce/board-papers/economics/introductory-microeconomics/cbse-class-12-economics-board-paper-2014-all-india-set-2-solutions/starttest/Nu5ThxGywZ5dnPoI$WAjtg!!

In case of any doubts, do get back to us.‚Äč
 

  • -2
What are you looking for?