Chapter-4 Supply Analysis [Latest edition] (B) Observe the market supply schedule of potatoes and answer the following question:

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

Chapter-4 Supply Analysis [Latest edition] [Latest edition]

(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

 

Draw the market supply curve from the schedule and explain it.

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


Diagram




Note: -May be there is a printing mistake in question table because the supply curve is always increased

1. X-axis represents quantity supplied and Y-axis represents the price of the commodity.

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.

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