The following is an estimated supply regression for sugar :Y = 0.025 + 1.5X, where Y is supply in kilos and X is price (Rs.) per kilo,

(i)Interpret the coefficient of variable X(ii) Predict the supply when price is Rs. 20 per kilo

(ii)Given that r(x , y) =1 in the above case, interpret the implied relationship between price and quantity supplied