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Topic Content:
- Definition of Supply Schedule
- Types of Supply Schedules
What is a Supply Schedule?
Supply Schedule can be defined as a table showing the relationship between the market price of commodities and the quantity supplied. It is a table that shows the various quantities of commodities sold at various prices in a given period of time.
Types of Supply Schedules:
1. An Individual Supply Schedule:
This is a table that shows quantities of goods and services an individual is ready to offer for sale, at different prices, in a period of time.
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