MARKET SUPPLY
Market supply is the sum of individual supply.
In the above table shows the the individual supply and market supply.
In the above curve shows that Market supply curve... Market supply is the horizontal sum of individual supply.
Supposed that X and Y are two individuals .When price 2, quantity supply of X is 5 and quantity of Y is 4 .So, market supply is 9
When price 3..,
Supply of X is 6 and quantity supply of Y is 5
Market supply=6+5=11
When price 4,.
Market supply is 7+6=13
When price 5,
Market supply=8+7=15
When price increase, Individuals supply and market supply also increases.
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