Question

Study the following table and answer the questions:

Price of Ice Cream (₹)	Quantity Supplied			Market Supply
	Seller A	Seller B	Seller C	(A + B + C)
50	0	2	5	7
100	1	`square`	10	15
150	`square`	6	15	23
200	3	8	20	`square`
250	4	10	`square`	39

Questions:

1. Complete the above table.
2. State whether the following statements are True or False.
   (a) Market supply has a direct relation to price.
   (b) As the price rises from ₹50 to ₹250, market supply rises from 7 to 39. This indicates an increase in supply.

Answer 1

1. 
   

   Price of Ice Cream (₹)	Quantity Supplied			Market Supply
   	Seller A	Seller B	Seller C	(A + B + C)
   50	0	2	5	7
   100	1	4	10	15
   150	2	6	15	23
   200	3	8	20	31
   250	4	10	25	39

2. (a) True (b) False