9. Discuss market supply using schedule and diagram.
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To get total or market supply, we have to add the supplies of all the producers of a product. Suppose there are two producers of carrots in an area, viz., A and B. Both of them supply carrots at the same point of time.
We show the supply schedule and the supply curve of the first producer, i.e., A, in Table 8.1 and Fig. 8.1 above. These are reproduced in Table 8.2 and Fig. 8.2. But Table 8.2 and Fig. 8.2 contain additional information. In Table 8.2 we also show the supply schedule of another producer, viz., B. Similarly, in Fig. 8.2 we draw the supply curve of B. Here we assume that the minimum price at which B can offer a positive quantity (i.e., Re. 1) is higher than required by A (i.e., 50 paise).
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