Supply Schedule and Supply Curve

Supply Schedule:

A supply schedule shows the different quantities of supply at different prices.This information is given in the supply schedule given below.

Supply Curve:
A supply curve represents the data given in the supply schedule. As the price of the commodity increases, the quantum supplied of the commodity also increases.Thus the supply curve has a positive slope
from left to right. (see diagram 3.12.)

Leave a Reply

Your email address will not be published. Required fields are marked *