Question
State the law of supply and the assumption behind it.
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| Quantity Sold ( Units ) | Total Revenue ( ₹ ) | Marginal Cost (₹) |
| 1 | 12 | 15 |
| 2 | 26 | 9 |
| 3 | 34 | 6 |
| 4 | 40 | 2 |
| 5 | 42 | 3 |
|
Commodity
|
Base Year
|
Current Year
|
||
|
Price (₹)
|
Quntity
|
Price (₹)
|
Quntity
|
|
|
A
|
30
|
10
|
40
|
8
|
|
B
|
12
|
20
|
15
|
18
|