Question

Distinguish between Individual supply and Market supply.

Answer 1

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 quantities 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’ were 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’. and ‘Mr. B’