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BASICS OF SUPPLY &MARKET EQUILIBRIUM
 
 
SUPPLY
: Various quantities of commoditieswhich a seller is willing (& able) to sell atdifferent prices in a given market, at a point of time, other things remaining same
SUPPLY SCHEDULE
: Tabular representation of data on quantity supplied & price of the good
 
 
SUPPLY CURVE
:
curve showing relationship b/wquantity supplied & price (direct relation)
 
QUANTITY SUPPLIEDPRICE
 XY
S
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