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Question
How is a market supply schedule attained from individual supply schedules of a commodity?
Chart
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Solution
Market supply schedule is defined as the summation of individual supply schedules.
| Quantitv Supplied Market | ||||
| Price (in ₹) | Firm A | Firm B | Firm C | A + B + C |
| 0 | 0 | 0 | 0 | 0 |
| 1 | 2 | 1 | 2 | 5 |
| 2 | 4 | 1 | 3 | 8 |
| 3 | 6 | 4 | 5 | 15 |
| 4 | 8 | 5 | 6 | 19 |
| 5 | 10 | 6 | 7 | 23 |
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