The above graph is showing :

Leftward shift in demand curve

The correct answer is option (2) : Leftward shift in demand curve

A change in quantity demanded due to an increase or decrease in price while all other factors remain constant is known as Movement along the same Demand Curve.

A change in demand as a result of a change in variable other than the commodity's own price is known as a Shift in Demand Curve.

The diagram shows a leftward shift in the demand curve.