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Individual Supply and Market Supply. - Economics

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Question

Individual supply and Market supply.

Solution

Points Individual Supply Market Supply
1. Meaning It indicates various quantities of a commodity that an individual seller is willing to well in the market at various prices and at different times. It indicates various quantity of a commodity that all sellers are willing to sell in the market at various prices and at different times.
2. Examples 10 units of a commodity ‘X’ sold at Rs. 10 and 50 units at Rs. 20 by seller ‘Mr. A’. 25 units of a commodity ‘X’ sold at Rs. 10 and 60 units at Rs. 20 jointly by sellers ‘Mr. A’. & ‘Mr. B’
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 2014-2015 (March) (with solutions)
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Solution Individual Supply and Market Supply. Concept: Concept of Supply.
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