Maharashtra State BoardHSC Commerce 12th Board Exam
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Distinguish Between the Following: Individual Supply and Market Supply - Economics

Distinguish Between

Distinguish between the following:

Individual Supply and Market Supply

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Solution

Individual Supply
Market Supply
It 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.
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 5 Producer's Behaviour
Exercise | Q 1.2 | Page 45
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