Observe the following table and answer the questions given below it :Price in ₹Qty. supplied in units1020015____203002535030____35____40____(a) Complete the above supply schedule. (2)(b) Draw a diagram for the above supply schedule. (2)

Answer: (a) 250, 400, 450, 500 units; (b) an upward sloping supply curve.

(a) Supply rises by 50 units for every ₹ 5 rise in price (direct relation, law of supply).

(b) [Diagram: quantity supplied on the X-axis (0 to 500 units) and price on the Y-axis (₹ 0 to 40). Plot the points (200, 10), (250, 15), (300, 20), (350, 25), (400, 30), (450, 35), (500, 40) and join them to get the supply curve SS, a straight line sloping upward from left to right.]

The upward slope shows that as price rises, quantity supplied rises, other things remaining constant.