Consider a market with two firms- The following table shows supply schedules of two firms- SS 1 denotes the supply schedule of firm 1 and SS 2 denotes the supply schedule of firm 2- Calculate the market supply schedule-Price Rs S S1 units S S2 units 0 0 0 1 0 0 2 0 0 3 1 1 4 2 2 5 3 3 6 4 4

Price (Rs) SS1 (units) SS2 (units) Market Supply = SS1 + SS2 0 0 0 0 + 0 = 0 1 0 0 0 + 0 = 0 ...

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Consider a ma...

Question

Consider a market with two firms. The following table shows supply schedules of two firms: SS₁ denotes the supply schedule of firm 1 and SS₂ denotes the supply schedule of firm 2. Calculate the market supply schedule.

Price (Rs ) SS₁ (units) SS₂ (units)

0 0 0

1 0 0

2 0 0

3 1 1

4 2 2

5 3 3

6 4 4

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Solution

Price (Rs) SS₁ (units) SS₂ (units) Market Supply = SS₁ + SS₂

0 0 0 0 + 0 = 0

1 0 0 0 + 0 = 0

2 0 0 0 + 0 = 0

3 1 1 1 + 1 = 2

4 2 2 2 + 2 = 4

5 3 3 3 + 3 = 6

6 4 4 4 + 4 = 8

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$\begin{matrix} Price(Rs.) & S S_{1} (Units) & S S_{2} (Units) 0 & 0 & 0 1 & 0 & 0 2 & 0 & 0 3 & 1 & 1 4 & 2 & 2 5 & 3 & 3 6 & 4 & 4 \end{matrix}$

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S S_{1}

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Price (Rs)	SS₁ (units)	SS₂ (units)	Market Supply = SS₁ + SS₂
0	0	0	0 + 0 = 0
1	0	0	0 + 0 = 0
2	0	0	0 + 0 = 0
3	1	1	1 + 1 = 2
4	2	2	2 + 2 = 4
5	3	3	3 + 3 = 6
6	4	4	4 + 4 = 8

Consider a market with two firms. The following table shows supply schedules of two firms: SS1 denotes the supply schedule of firm 1 and SS2 denotes the supply schedule of firm 2. Calculate the market supply schedule. Price (Rs ) SS1 (units) SS2 (units) 0 0 0 1 0 0 2 0 0 3 1 1 4 2 2 5 3 3 6 4 4

Price (Rs) SS1 (units) SS2 (units) Market Supply = SS1 + SS2 0 0 0 0 + 0 = 0 1 0 0 0 + 0 = 0 2 0 0 0 + 0 = 0 3 1 1 1 + 1 = 2 4 2 2 2 + 2 = 4 5 3 3 3 + 3 = 6 6 4 4 4 + 4 = 8

Price (Rs) SS₁ (units) SS₂ (units) Market Supply = SS₁ + SS₂

0 0 0 0 + 0 = 0

1 0 0 0 + 0 = 0

2 0 0 0 + 0 = 0

3 1 1 1 + 1 = 2

4 2 2 2 + 2 = 4

5 3 3 3 + 3 = 6

6 4 4 4 + 4 = 8