It is a graphical depiction of the supply schedule that illustrates that relationship between the price of a good and the quantity supplied.
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.
The world supply curve is considered perfectly elastic.