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Question
With the help of a hypothetical supply schedule, draw a supply curve.
Chart
Diagram
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Solution
Hypothetical Supply Schedule
| Price of Good X (₹) | Quantity Supplied of Good X (unit) |
| 5 | 0 |
| 10 | 10 |
| 15 | 20 |
| 20 | 30 |
Supply curve SS is obtained by plotting price-quantity combinations shown in the supply schedule.
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Chapter 4: Theory of Supply - QUESTION BANK [Page 102]
