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

Supply curve

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Supply schedule

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Both supply curve and schedule

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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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The entire schedule showing various quantities offered for sale at different possible prices in the market of the commodity is called ________________.

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