An article in the Wall Street Journal in 2022 indicated that consumer demand for some products sold in department stores, such as plates and dishes, had declined. The article quoted the CEO of Macy’s department store as saying: “It’s classic supply and demand. Too much supply, not enough demand.” Draw a demand and supply graph for the market for plates and dishes to illustrate this situation. Show on your graph what is likely to happen to the equilibrium price of plates and dishes.