Question

Observe the following table and answer the question:

Supply schedule of chocolates

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

State the relationship between price and quantity supplied.

Answer 1

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

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