Want this question answered?
When supply and demand are balanced
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.
One says individual and the other says market!
A supply schedule a chart that lists how much of a good a supplier will offer at different prices. A market supply schedule a table that lists the quantity of a good ALL consumers in a market will buy at every different price.
Market disequilibrium is market conditions yielding surplus or shortage: a market state in which the forces of demand and supply are not balanced, leading to price fluctuations that reflect a shortage or a surplus of a product or commodity.
When supply and demand are balanced
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.
One says individual and the other says market!
A supply schedule a chart that lists how much of a good a supplier will offer at different prices. A market supply schedule a table that lists the quantity of a good ALL consumers in a market will buy at every different price.
Market disequilibrium is market conditions yielding surplus or shortage: a market state in which the forces of demand and supply are not balanced, leading to price fluctuations that reflect a shortage or a surplus of a product or commodity.
Because of forex market and demand & supply
excess supply in the market for bananas
how is a market supply curve similar to and diffrent from an individual supply curve
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.
Excess demand (a seller's market) means the product is in short supply and prices will rise. Excess supply (buyer's market) means too much product as compared to demand and therefore prices will fall.
Do market supply curves have negative slopes
market supply is the sum of the supplies of all sellers.