Question

Derive a market supply curve from two hypothetical individual schedules.

Answer 1

To get total or market supply, we have to add the supplies of all the producers of a product. Thus the market supply of a good is the sum of quantities of that good the individual firms are willing to offer for sale at a given time period. Suppose, there are two producers of X, viz. products A and B, in an area. Both of them supply at the same point of time.