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Draw a graph of a competitive market inequilibrium, and illustrate a decrease in Demand . Carefully label everything. Use theE labels to label the equilibrium

Draw a graph of a competitive market inequilibrium, and illustrate a decrease in Demand. Carefully label everything. Use the"E" labels to label the equilibrium points.

Carefully explain the mechanism that causes price to adjust after theshift, and illustrate it on your graph.

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