The following table contains a supply schedule for a good.
If the law of supply applies to this good,then Q1 could be

Question

The following table contains a supply schedule for a good. 
If the law of supply applies to this good,then Q1 could be

Quizplus · Accepted Answer

According to the law of supply, as the price of a good increases, the quantity supplied by producers also increases. In this supply schedule, we can see that as the price increases from $10 to $40, the quantity supplied increases from 50 to 150. Therefore, the quantity supplied at a price of $40 (Q1) could be 150.

The Following Table Contains a Supply Schedule for a Good