The supply function is now explained with the help of a schedule and a curve.
Supply Schedule of a commodity:
Price per unit (Px) | 5 | 4 | 3 | 2 | 1 |
Quantity supplied (Qxs) | 100 | 80 | 60 | 40 | 20 |
In the table above, the produce are able and willing to offer for sale 100 units of a commodity at price of Tk . 5. As the price falls, the quantity offered for sale decrease. At price of Tk. 1, the quantity offered for sale is only 20 units.