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2. Paparazzi remain a perennial and controversial bane to the existence of celebrities, who claim that the ubiquitous and intrusive presence of the photographers is

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2. Paparazzi remain a perennial and controversial bane to the existence of celebrities, who claim that the ubiquitous and intrusive presence of the photographers is a source of security and privacy concerns. The photographers, on the other hand, claim they are merely responding to demandgiving the public what it wants. In their more extreme versions, these views can be summarized as follows: Paparazzi 1View: The consumers of celebrity photographs (i.e., the tabloids, magazines and TV shows that purchase the pictures, and ultimately, the readers and viewers of these products) totally drive the market. The demands of these people completely determine the quantity of photographs bought and sold, and thus the degree of celebrity harassment. The willingness of the paparazzi to supply these pictures only affects the price. Celebrity 1view: The paparazzi are totally to blame. Their pursuit of the rich and famous is driven by factors other than the price that their pictures fetch, and thus demand has no effect on the quantity supplied. a. Graph each of these views on a separate supply and demand diagram. b. Graph the more balanced view that both supply and demand affect the equilibrium quantity of photographs

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