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) |
10 202 30 40 |
2 4 6 10 |
50 60 70 80 |
12 14 16 17 |
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.
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