Question

What is extension in supply? Show it diagrammatically.

Price  (₹ Per unit)	0	1	2	3	4	5	6	7	8
Supply (units)	0	0	2	4	6	8	10	12	14

Answer 1

Extension in Supply: Extension in supply refers to an increase in the quantity supplied of a commodity due to an increase in its price, while other factors remain constant. This concept illustrates the direct relationship between price and quantity supplied, a fundamental aspect of the law of supply.