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Question

Which of the following shows various quantities of a commodity offered for sale at different possible prices of that commodity?


A

Supply curve

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B

Supply schedule

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C

Both supply curve and schedule

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D

None of the above

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Solution

The correct option is C

Both supply curve and schedule


Both supply curve and schedule show various quantities of a commodity offered for sale at different possible prices of that commodity. The law stated in tabular form is the supply schedule and represented in a graphical form is the supply curve.


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