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Before the demand fell equilibrium price and quantity are P1 and Q1, respectively.
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When demand falls, revenue falls. This is shown by the AR curve(AR is also the demand curve) shifting to the left(moving from AR1 to AR2). MR will fall too as a result shown by MR1 to MR2.
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Therefore the new profit maximising output and price will be Q2 and P2, respectively.
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The earlier profit is shown by the less shaded area (OQ1 x OP1). This will fall to the darker shaded area (OQ2 x OP2).
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