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To create a supply schedule, list the prices of a good or service in one column and the corresponding quantities that suppliers are willing to produce and sell at those prices in another column. This data can be organized into a table, where each row represents a specific price-quantity relationship. To interpret the supply schedule, examine how changes in price affect the quantity supplied; typically, as prices increase, the quantity supplied also increases, reflecting the law of supply. This information helps businesses and policymakers understand market dynamics and make informed decisions.

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