2. The graph on the right shows the annual supply curve for Tshirts. Assume the price ofa Tshirt is $4 in a. Year 1. (ii) (iii) How many Tshirts are supplied? What is the cost of producing the Tshirts'? (Give a $ value. Ignore any xed costs.) How much producer surplus is generated? (Give a 3 value.) Assume the price ofa Tshirt rises to $10 in Year 2. (i) (ii) (iii) How much does the quantity demanded change relative to Year 1'? How much does the cost of producing the Tshirts change relative to Year 1'? (Give a 3 value.) How much does producer surplus change relative to Year 1'? (Give a $ value.) 3 T 6 5 4 3 2 'I C)