The average pnce lor a daily eddion ol a newspaper was S0.50 in 2009. The average price had Increased ii 2010. Three different analysts have three dWerent explanations tar the higher equilibrium price 1 : 'Rie higher pride al newspapers is good news because it moans He popUation i8 betty idiom)ed abort public Issues. TI,ese iota dearly show tint tln citizens have a new. Increased regard fu nowspapns. Analyst 2: Tho higher pasco af newspapos is bad news fn the citizens. higher cost ol paper. ink, and distribution eflected in these highs prices will diminish tln population's awarornss of public issues. Analyst 3: Tln highs price of newspapers is an unfortunate result of newspapers trying ta make money as many consumed have fumed to he Intemot to access news colorado for frog. As economist and based on what we know abdul economic principles. can we azure out which explanation applies to the case af rising newspaper prices? (Explain your answer graphicalty)

The average price for a daily edition of a newspaper was $0.50 in 2009. The average price had increased in 2010. Three different analysts have three different explanations for the higher equilibrium price. Analyst 1: The higher price of newspapers is good news because it means the population is better informed about public issues. These data clearly show that the citizens have a new, increased regard for newspapers. Analyst 2: The higher price of newspapers is bad news for the citizens. The higher cost of paper, ink, and distribution reflected in these higher prices will further diminish the population's awareness of public issues. Analyst 3: The higher price of newspapers is an unfortunate result of newspapers trying to make money as many consumers have turned to the Internet to access news coverage for free. As economists and based on what we know about economic principles, can we figure out which explanation applies to the case of rising newspaper prices? (Explain your answer graphically)