Explain the relation betwen price and quantity supplied through a scattered diagram.

Price (₹) 10 20 30 40 50 60

Quantity Supplied 25 50 75 100 125 150

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Solution

Price Quantity Supplied

10
20
30
40
50
60 25
50
75
100
125
150

Thus, there exists perfect positive correlation(+1) between price and quantity supplied.

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Price	Quantity Supplied
10 20 30 40 50 60	25 50 75 100 125 150