Supply/Demand Curves and Shifters, Equilibrium prices and Quantity, homework help

Read the following post of a supply and demand change andprovide further analysis. Explain which curve shifted and which shifter wasaffected. Do you also conclude that equilibrium decreases in the end or is itthe opposite? Why or why not? Explain your analysis thoroughly. A total of 300or more-word count is required. Let me know if you have any questions orconcerns. Use APA format to include in-text citations and a reference page.Minimum of 2 scholarly sources required. Restaurants have changed along with the demands of theconsumers. This has also enabled gourmets and food lovers around the world tofeast at their convenience- a convenience of time, place and budget. With theadvancements in technology, the way people communicate and gather informationaffects the way consumer approach restaurants and the related activities.Restaurants have changed from the use of cash and check payments to electronicbills and payment methods. While the use of technology has greatly helpedincrease the reach and scale of restaurateurs to explore and tap into, one suchavenue is data analytics.Restaurants are now analyzing menus to find the most populardish, customizing coupons for repeat customers, refining discounts to attacknew consumers, optimizing inventory planning and replenishment, and doingsocial media analytics to gauge customer. The food industry has changed in thedemand curve on how a person looks at restaurants. The factors that affect howthe consumers like the type of ingredient being used in restaurants, is basedon the age of the customers, the gender, marital status, income, and what typeof card they are using.If the price of good changes, it leads to a change in thequantity supplied, it factors influences seller’s behaviors, it results in achange in supply. The equilibrium price is based on the amount buyers will payand the quantity of the produce.