Distinguish Between
Distinguish between the following:
Individual Supply and Market Supply
Advertisement Remove all ads
Solution
-
Individual SupplyMarket SupplyIt represents the quantities supplied, at different prices, by an individual firm or producer.It represents the aggregate quantities, supplied at different prices, by all the firms or producers.The individual supply curve is relatively steeper.The market supply curve is relatively flatter.
Concept: Supply Curve and Schedule
Is there an error in this question or solution?
Advertisement Remove all ads
APPEARS IN
Advertisement Remove all ads
Advertisement Remove all ads