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see the attachment The price of a hard copy of the daily newspaper has recently risen from $1 to $2. Suppose two analysts are debating

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The price of a hard copy of the daily newspaper has recently risen from $1 to $2. Suppose two analysts are debating the source of the price change. Ann says that the price change occurred because wages paid to journalists have increased. Bill says that the price change occurred because people have gotten more educated, and educated people choose to become better informed about public issues by buying newspapers. Suppose that only one of the explanations is correct, and your boss asks you to use supply and demand analysis to nd out which analyst (Ann or Bill) is correct. What additional information could help you determine which analyst is correct? Be as specic as you can be, i.e. explain exactly how the additional information would help you conclude which analyst is correct

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