Supply schedule is the tabular presentation of the law of supply. It shows various quantities of a good that would be supplied at varying prices per unit of a good. The various quantities of tea being supplied in the market during a given year.
|Price per Kg||Quantity Offer for Sale (Lakh Kg)||Price per Kg $||Quantity Offered Sale (Lakh Kgs)|
When the price of tea is low, at $ 10 per kg the supply is only 2 lakh kgs. But as the price keeps on rising, the supply also rises. At $ 80 per kg, the total supply comes to 17 lakh kgs. Such a table which shows the various quantities of a commodity supplied at various prices is called supply schedule.SUBMIT ASSIGNMENT NOW!