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Questions
Write a short note on the following:
Market supply schedule.
Explain the following terms:
Market Supply Schedule
Explain
Short/Brief Note
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Solution
It refers to the supply schedule of all the producers or firms in a market. It is a tabular representation of the sum total of quantities supplied by all the firms in the market at different price levels. It represents the supply schedule of a market as a whole.
| Market Supply Schedule | |||
|
Price
(in Rs)
A
|
Quantity Supplied by Firm 1 (f1)
(in units)
B
|
Quantity Supplied by Firm 2
(f2) (in units)
C
|
Market Supply
M = f1 + f2
(in units)
D = B + C
|
|
1
|
5
|
10
|
5 + 10 = 15
|
|
2
|
10
|
20
|
10 + 20 = 30
|
|
3
|
15
|
30
|
15 + 30 = 45
|
|
4
|
20
|
40
|
20 + 40 = 60
|
|
5
|
25
|
50
|
25 + 50 = 75
|
|
6
|
30
|
60
|
30 + 60 = 90
|
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