You are provided with the following table, which shows data for the price and quantity supplied of soccer balls.
(i) A robotic production technology advance allows the firm to increase production by 30% at every price. Fill in the table below to show the new supply data.
(ii) Which way has the supply curve shifted?
$$\begin{array} { | c | c | }
\hline \begin{array} { c }
\text { Price of } \
\text { soccer balls }
\end{array} & \begin{array} { c }
\text { Quantity supplied } \
\text { of soccer balls }
\end{array} \
\hline \$ 49.99 & 3,600 \
\hline \$ 59.99 & 4,000 \
\hline \$ 69.99 & 4,400 \
\hline \$ 79.99 & 4,800 \
\hline \$ 89.99 & 5,200 \
\hline \$ 99.99 & 5,600 \
\hline
\end{array}$$ $$\begin{array} { | c | c | }
\hline
\begin{array} { c }
\text { Price of } \
\text { tickets }
\end{array} & \begin{array} { c }
\text { Quantity supplied } \
\text { of soccer balls }
\end{array} \
\hline \$ 49.99 & \
\hline \$ 59.99 & \
\hline \$ 69.99 & \
\hline \$ 79.99 & \
\hline \$ 89.99 & \
\hline \$ 99.99 & \
\hline
\end{array}$$

Question

You are provided with the following table, which shows data for the price and quantity supplied of soccer balls.
(i) A robotic production technology advance allows the firm to increase production by 30% at every price. Fill in the table below to show the new supply data.
(ii) Which way has the supply curve shifted?
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Price of } \
\text { soccer balls }
\end{array} & \begin{array} { c } 
\text { Quantity supplied } \
\text { of soccer balls }
\end{array} \
\hline \$ 49.99 & 3,600 \
\hline \$ 59.99 & 4,000 \
\hline \$ 69.99 & 4,400 \
\hline \$ 79.99 & 4,800 \
\hline \$ 89.99 & 5,200 \
\hline \$ 99.99 & 5,600 \
\hline
\end{array}$$ $$\begin{array} { | c | c | } 
\hline
\begin{array} { c } 
\text { Price of } \
\text { tickets }
\end{array} & \begin{array} { c } 
\text { Quantity supplied } \
\text { of soccer balls }
\end{array} \
\hline \$ 49.99 & \
\hline \$ 59.99 & \
\hline \$ 69.99 & \
\hline \$ 79.99 & \
\hline \$ 89.99 & \
\hline \$ 99.99 & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of You are provided with the following table, which shows data for the price and quantity supplied of soccer balls.
(i) A robotic production technology advance allows the firm to increase production by 30% at every price. Fill in the table below to show the new supply data.
(ii) Which way has the supply curve shifted?
 $$\begin{array} { | c | c | } 
\hline \begin{array} { c } 
\text { Price of } \
\text { soccer balls }
\end{array} & \begin{array} { c } 
\text { Quantity supplied } \
\text { of soccer balls }
\end{array} \
\hline \$ 49.99 & 3,600 \
\hline \$ 59.99 & 4,000 \
\hline \$ 69.99 & 4,400 \
\hline \$ 79.99 & 4,800 \
\hline \$ 89.99 & 5,200 \
\hline \$ 99.99 & 5,600 \
\hline
\end{array}$$ $$\begin{array} { | c | c | } 
\hline
\begin{array} { c } 
\text { Price of } \
\text { tickets }
\end{array} & \begin{array} { c } 
\text { Quantity supplied } \
\text { of soccer balls }
\end{array} \
\hline \$ 49.99 & \
\hline \$ 59.99 & \
\hline \$ 69.99 & \
\hline \$ 79.99 & \
\hline \$ 89.99 & \
\hline \$ 99.99 & \
\hline
\end{array}$$

You Are Provided with the Following Table, Which Shows Data