did not move.

In short, good weather conditions increased supply of the California commercial salmon. The result was a

higher equilibrium quantity of salmon bought and sold in the market at a lower price.

Newspapers and the Internet

According to the Pew Research Center for People and the Press, increasingly more people, especially younger

people, are obtaining their news from online and digital sources. The majority of U.S. adults now own

smartphones or tablets, and most of those Americans say they use them in part to access the news. From 2004

to 2012, the share of Americans who reported obtaining their news from digital sources increased from 24% to

39%. How has this affected consumption of print news media, and radio and television news? Figure 3.17 and

the text below illustrates using the four-step analysis to answer this question.

FIGURE 3.17 The Print News Market: A Four-Step Analysis A change in tastes from print news sources to digital
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