In a competitive market,a decrease in consumer demand leads to

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In a competitive market, a decrease in consumer demand means that there are fewer customers willing to buy the product. To reduce the supply-demand gap, firms will have to decrease their output to match the new lower level of demand. If they don't, they will end up with a surplus of unsold goods, which will result in loss of profits. Therefore, a decrease in consumer demand leads to a decrease in output.

In a Competitive Market,a Decrease in Consumer Demand Leads to