Novak has been examining the production of tennis racquets over the past several years. He notes the price of racquets has remained constant. In late January, following the Australian Open, many new stores around Australia open selling tennis racquets. Later that same year in June, a new technology results in the time to manufacture a tennis racquet being reduced by 50%. Select the item from the list provided to make the following statements true. A shift in supply in late January would result from an 1. increase in quantity supplied 2. changes in technology The change in technology will cause what kind of shift in the supply curve? 3. tax The price of tennis racquets suddenly increased once the new racquet technology was introduced. This new technology greatly increased supply. with the demand for tennis racquets also suddenly increasing at this time. In this situation, you would see an of racquets 4. decrease in the quantity supplied 5. shift left 6. more substitutes 7. subsidy 8. increase in the number of suppliers 9. deflate 10. shift right 11. remained unchanged