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You Are Provided with the Following Table, Which Shows Data

Question 118

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You are provided with the following table, which shows data for the price and quantity supplied of embossed T-shirts.
(i) The minimum wage for workers is increased, which leads to an increase in the cost of production for embossed T-shirts. The firm now produces 20% fewer shirts at each price. Fill in the table below to show what the new supply of embossed T-shirts will be.
(ii) Which way has the supply curve shifted?
 Price of  embossed  T-shirts  Quantity supplied  of embossed  T-shirts $124,000$133,500$143,000$152,500$162,000$171,500\begin{array} { | c | c | } \hline \begin{array} { c } \text { Price of } \\\text { embossed } \\\text { T-shirts }\end{array} & \begin{array} { c } \text { Quantity supplied } \\\text { of embossed } \\\text { T-shirts }\end{array} \\\hline \$ 12 & 4,000 \\\hline \$ 13 & 3,500 \\\hline \$ 14 & 3,000 \\\hline \$ 15 & 2,500 \\\hline \$ 16 & 2,000 \\\hline \$ 17 & 1,500 \\\hline\end{array}  Price of  embossed  T-shirts  Quantity supplied  of embossed  T-shirts $12$13$14$15$16$17\begin{array} { | c | c | } \hline \begin{array} { c } \text { Price of } \\\text { embossed } \\\text { T-shirts }\end{array} & \begin{array} { c } \text { Quantity supplied } \\\text { of embossed } \\\text { T-shirts }\end{array} \\\hline \$ 12 & \\\hline \$ 13 & \\\hline \$ 14 & \\\hline \$ 15 & \\\hline \$ 16 & \\\hline \$ 17 & \\\hline\end{array}

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