When college students leave town for the summer the demand for meals at the local restaurants declin...........

Economics- Phase (I & II) Demand and Supply , Market Structures

When college students leave town for the summer, the demand for meals at the local restaurants declines. This results in

a decrease in equilibrium price and an increase in quantity.

an increase in equilibrium price and quantity.

a decrease in equilibrium price and quantity.

an increase in equilibrium price, and a decrease in quantity.

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Explanation:

When college students leave town for the summer, the demand for meals at the local restaurants declines. This results in a decrease in equilibrium price and quantity. The demand curve shifts to the left because the town population declines, resulting in lower prices and quantity.