Observe the following table and answer the question

(A) Supply schedule of chocolates

 Price in ₹ Quantity supplied in units 10 200 15 20 300 25 350 30 35 40

Ans:
1) Complete the above supply schedule.

 Price in ₹ Quantity supplied in units 10 200 15 250 20 300 25 350 30 400 35 450 40 500

2) Draw a diagram for the above Supply Schedule

3) State the relationship between price and quantity supplied :
1) There is a direct relationship between price and quantity supplied.
2) The supply curve is a positive slope.
3) As the price increases the quantity supplied also increases.
4) At the lowest price 10 quantity supplied is less 200, at the highest price 40 the quantity supplied us the highest 500.
5) Supply curve moves upward from left to right.

(B)Observe the market supply schedule of potatoes and answer the following question:

 Price in ₹ Firms Market supply (kg) A B C 1 ____ 20 45 100 2 37 30 45 _____ 3 40 ____ 55 155 4 44 50 ____ 154

Ans:

1) Complete the quantity of potato supplied by the firms to the market in the above table.

 Price in ₹ Firms Market supply (kg) A B C 1 35 20 45 100 2 37 30 45 112 3 40 60 55 155 4 44 50 60 154

2) Draw the market supply curve from the schedule and explain it.
Ans :

1. X-axis represents quantity supplies of Potatoes and Y-axis represents the price of the Potatoes.
2. Supply curve ‘SS’ slopes upwards from left to right which has a positive slope.
3. It indicates a direct relationship between price and quantity supplied.