Supply Schedule and Supply Curve
Learning Contents: · Individual Vs. Market Supply Schedule · Individual Vs. Market Supply Curve · Difference between Individual and Market Supply Supply Schedule A table that shows the relationship between quantity supplied and price of the commodity is called supply schedule. In other words, supply schedule is a table showing different quantities of a commodity that sellers are willing and able to sell at different possible prices during a particular period of time. The supply schedule is generally based on the law of supply that states that other things remains constant; there exists a positive or direct relationship between the price and quantity supplied. The quantity supplied increases at higher price as it generates high revenue and profits for the sellers and vice versa. The supply schedule generally consists of two columns: one for the price of a commodity and othe