Explain the law of supply and illustrate it using a supply schedule and curve for ice cream, showing price, quantity supplied, and plotting the curve.

Here are the answers to the questions based on the provided supply schedule: 4.1: To draw the supply curve: • Label the horizontal axis (X-axis) as "Quantity Supplied (Ice Cream)". • Label the vertical axis (Y-axis) as "Price (R)". • Plot the following points from the table: (10, 2), (50, 4), (90, 6), (120, 8), and (140, 10). • Connect these points with a line to form the supply curve. 4.2: From the table, when the price is R8, the quantity supplied is 120 ice creams. 120 ice creams 4.3: The supply curve has a positive or upward slope. This means as the price increases, the quantity supplied also increases. 4.4: The law of supply states that, ceteris paribus (all other factors remaining constant), as the price of a good or service increases, the quantity supplied by producers will also increase, and vice versa. 4.5: There is a direct or positive relationship between supply and price. As the price of ice cream increases, suppliers are incentivized to produce and sell more because it leads to higher profits. Conversely, a decrease in price will lead to a decrease in the quantity supplied. Send me the next one 📸