Explain the chages that take place when, at a given price of a commodity, there is excess supply of it, Use diagram .

If equilibrium price of a good is greater than its market price, explain all the changes that will take place in the market. Use diagram. OR Explain the changes that will take place in the market when market price of a good is less than its equilibrium price. Use diagram.

Explain the changes that will take place in the market when market price of a good is greater than its equilibrium price. Use diagram.

Explain the chain the of effects on demand , supply and price of a commodity cause by a leftward shift of its demand curve. Use diagram.