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Market Equilibrium

Derive a mark...

Question

Derive a market supply curve from two hypothetical individual supply schedules.

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Solution

price individual supply1
individual supply2
market supply
1 2 3 5
2 4 6 10
3 6 9 15
4 8 12 20
5 10 15 25

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Similar questions

How can we derive the market supply schedule from the supply schedules of an individual firm?

Supply schedule of an individual firm in the market is called

Q. On the basis of the supply schedule shown in the table below, prepare a Market Supply Schedule :

Price (Rs. per unit)		Individual Firms		Market Supply Schedule (Units)
	A (Units)	B (Units)	C (Units)
5	10	16	20
8	15	20	24
10	18	24	30
12	20	28	36

Q. Consider a market with two firms. The following table shows the supply schedules of the two firms: the

S S_{1}

column gives the supply schedule of firm 1 and the

S S_{2}

column gives the supply schedule of firm 2. Compute the market supply schedule.

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

Q. Construct an imaginary individual supply schedule.

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