A supply curve or schedule represents the quantity of goods suppliers are willing to sell at every price point. Thus, at a price of 0 dollars, suppliers would be willing to sell 0 of their good (they are getting no money!). If the price were say 1 dollar, only a small amt of supplier would be willing to sell their goods. As the price increases, suppliers are willing to sell more quantity of their good (they are getting more money per unit!) rather than hold onto their goods.
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
how is a market supply curve similar to and diffrent from an individual supply curve
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
just lead to a shift in the supply curve.
by finding where the supply curve and the demand curve intersect
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
how is a market supply curve similar to and diffrent from an individual supply curve
Supply schedule and supply curve and related in the sense that there exists an important relationship between supply and demand. The greater the supply curve, the greater the supply schedule.
just lead to a shift in the supply curve.
by finding where the supply curve and the demand curve intersect
Then demand and supply are equal.
A supply curve is a graph showing each and every price in that market, where as a Market supply curve shows the prices by all firms that offer the product for sale in a given market.
The three characteristics of a supply curve are the slope, shift, and the curve's position. Together they help determine supply and demand trends.
Changes in a producer's technology can lead to a SHIFT in the supply curve.
a supply curve and a demand curveA supply curve and a demand curve.
a supply curve and a demand curveA supply curve and a demand curve.
it will shift the supply curve to the right