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The following calculator shows the supply curve for sedans in an imaginary market. For simplicity, assume that all sedans are identical and sell for the same price. Two factors that affect the supply of sedans are the level of technical knowledgein this case, the speed with which manufacturing robots can fasten bolts, or robot speedand the wage rate that auto manufacturers must pay their employees. Initially, the graph shows the supply curve when robots can fasten 2,500 bolts per hour and autoworkers earn $25 per hour. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey eld will change accordingly. Graph Input Tool 6') 5|] Supply for Sedans | Price of a Sedan ( Thousands of .3 40 dollars) % Quantity Supplied 225 E (Sedans per month) '3 3|] 5 SUPPLY SHIFI'ERS 2 2|] ,_ ._, Robot Speed 6 (Bolts per hour) 2500 E 1|] Autoworker Wage EL (Dollars per hour) 0 (I 100 200 300 400 500 and no Boo Boo QUANTITY {Sedans per month) Consider the previous graph. Suppose that the price of a sedan decreases from $22,000 to $12,000. This would cause the V of sedans to decrease, which is reected on the graph by a V the supply curve. Following a technological declinefor example, a decrease in the speed with which robots can attach bolts to carsthere is a v the supply curve because the technological decline makes cars V