Market Supply versus Individual Supply

What is the basic difference between Market Supply and Individual Supply?

View Complete Question

Comments & Conversion

Expert

Verified

Market Supply versus Individual Supply

A) Market supply curve can be established by summing individual supply curves.

B) Individual supply curves are summed up horizontally at each and every price.

C) Market supply curve exhibits how total quantity supplied differs as the price of good differs.

Related Questions in Macroeconomics

Q : Define the term Supply curve Define the

Define the term Supply curve.

Q : Price elasticity of demand for DVD games

In this figure shown below, the price elasticity of demand for DVD games among prices of $30 and $40 is nearest to: (i) 7/6. (ii) 1/2. (iii) 3/7. (iv) 7/3. (v) 1/3.

Q : Total revenue when price modify When

When total revenue to a firm is unaffected by small price modifications, then demand is: (i) Relatively price elastic. (ii) Relatively price inelastic. (iii) Unitarily price elastic. (iv) Vertical. (v) Horizontal. Can someone help

Q : National disposable income What must be

What must be added to NNPMP to obtain net national disposable income? Answer: The Net current transfers from abroad must be added to NNPMP to get national disposabl

Q : What is Supply schedule What is Supply

What is Supply schedule and how it is related to supply curve?

Q : Reducing illegal programs for public

Methadone programs for addicts are intended at reducing illegal heroin traffic through: (i) decreasing the heroin supply. (ii) increasing the price of heroin. (iii) decreasing the demand for heroin. (iv) executing drug dealers. Hel

Q : Methods that FED can use to make money

What are the four methods that FED can use to make money? What are the most powerful one and what technique the FED to create a gradual easing of the money supply either created or destroyed most seldom uses?