The supply schedule of product X is given as follows:

Question: The supply schedule of product X is given as follows:

Price (Rs Per Kg.)Quantity Supplied (Kgs. in thousands)
10040
10060
10080

Solution:+

The supply curve for product X is shown

Perfectly elastic supply curve homework help
Figure: Perfectly elastic supply curve

Above figure shows that the price of product X remains constant at Rs100 per kg. However, the quantity supplied changes from 40,000 kgs to 80,000 kgs at the same price. Therefore, the supply of product X is perfectly elastic (es=∞).