Question: The graph below represents the supply and demand in the market for dinning out restaurant meals in Boston. The general income level of the Boston

The graph below represents the supply and demand in the market for dinning out restaurant meals in Boston. The general income level of the Boston population falls at a time when dozens of new restaurants opened in the city. Assume that dinning out restaurant meals are a normal good. How will the equilibrium quantity change?_____________ (increase/decrease/ambiguous) How will the equilibrium price change?_____________(increase/decrease/ambiguous)

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