Final answer:
In response to increased pricing, Digital Inkjet Prints have emerged as a viable alternative, offering artists the ability to create large format, archival quality signed and numbered prints, even on unconventional materials. Additionally, a consumer shift towards digital sources has reduced demand and pricing for traditional print news media.
Step-by-step explanation:
Due to increased pricing in traditional print media, various print alternatives have been developed. One such alternative is Digital Inkjet Prints, a method that has revolutionized the way art and images are reproduced in the modern era. These prints are noteworthy for several reasons:
- Large format capability, accommodating a wide range of sizes.
- The artist's involvement in the printing process, where each copy is approved, signed, and numbered, increasing its value.
- Use of archival quality inks and papers, ensuring the prints last much longer than standard commercial prints.
- The flexibility of printing on various unique materials, as seen in the work of Betsabee Romero, who prints on car tires and other unconventional surfaces.
Another significant trend is the shift in consumer preferences from print to digital sources for news. As illustrated in Figure 3.17 regarding the Print News Market, increased preference for digital sources causes a decrease in demand for print news, leading to a lower equilibrium price and quantity for print media. This shift encourages the development of print alternatives and adaptation within the industry.