Question

Observe the following table and answer the questions given below it:

Price in ₹	Qty. supplied in units
10	200
15	______
20	300
25	350
30	______
35	______
40	______

1. Complete the above supply schedule.
2. Draw a diagram for the above supply schedule.

Answer 1

 a. Completed Supply Schedule:

Price (₹)	Quantity Supplied (Units)
10	200
15	250
20	300
25	350
30	400
35	450
40	500

b.

Explanation:

As price increases by ₹ 5, quantity supplied increases by 50 units (showing a direct relationship between price and supply).

The above diagram shows an upward sloping supply curve, indicating that supply increases with increase in price (Law of Supply).