l. The graph on the right shows the annual demand curve for Tshirts- a. Assume the price ofa Tshirt is $14 in Year 1. (I) (ii) (iii) 13. Assume the price ofa Tshirt falls to $10 in Year 2. (i) (ii) (iii) How many Tshirts are demanded? How much do consumers spend on Tshirts'? {Give a 5 value.) How much consumer surplus is generated? (Give a $ value.) How much does the quantity demanded change relative to Year 1'? How much does consumer expenditure on Tshirts change relative to Year I? {Give a 3 value.) How much does consumer surplus change relative to Year 1? (Give a 95 value.)