(solution) UsingadiagramlikeFigure4.1,summarisetheeffectof (a) a reduction

(solution) UsingadiagramlikeFigure4.1,summarisetheeffectof (a) a reduction

UsingadiagramlikeFigure4.1,summarisetheeffectof (a) a reduction in the demand for a good; (b) a reduction in the costs of production of a good.

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Introduction
a). Apparently, there are quite a number of effects for the reduced demand of a given good
especially in both the local and international market. Basically, the reduced demand of a…