Question

difference between individual supply and market supply​

Answer 1

market supply describes the quantity of a specific good or service that all sellers in a market combined are willing to sell. In other words, it represents the sum of all individual supplies for a particular good or service.

individual supply describes the willingness of an individual firm to provide a specific quantity of a good or service to the market over a given period of time. It depends on a number of different factors, such as the price of the product, cost of production, government policies and regulation, etc.

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