Individual supply and Market supply.
|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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Solution Individual Supply and Market Supply. Concept: Concept of Supply.