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  Supply schedule and supply curve

Supply schedule and supply curve:

The supply schedule is a statement of different quantities of a given commodity given for sale at different prices per unit of time. With the help of the supply schedule, the supply curve can be drawn.

Individual supply schedule and curve:

Individual supply schedule is the list of prices and amounts of a particular commodity given for sale by an individual producer or seller.

Table: Supply Schedule of A

956_individual supply.jpg

 

1160_supply curve.jpg

 Figure: Supply Curve

It is noticed that whenever the price is $ 4 three dozen are offered for sale. Since the price rises, the quantity supplied too rises.
With the aid of the supply schedule, we can build supply curve. On the basis of schedule, supply curve SS is drawn. It contains a positive slope. It moves up to the right. The price of the product and quantity supplied are directly associated to each other.

Market supply schedule and curve:

By adding up the quantity supplied at different prices by all sellers in the market, we can acquire market supply schedule. Market supply curve is the lateral summing up of the individual supply curves of every producer in the market.

 

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