According to an Associated Press news article, 1,400 newspapers closed between 2004 and 2019. The same article quotes an estimate by the Pew Research Center that employment at newspapers declined by 45 percent during roughly the same period. Can we be certain that the wages of journalists have declined since 2004? What other information would we need to be sure? Illustrate your answer with a labor demand and labor supply graph, showing the circumstances necessary for the equilibrium wage for journalists to have increased and the circumstances necessary for the equilibrium wage to have decreased.