show with diagram how market supply curve can be derived on the basis of firms individual supply curve.
Answers
Answered by
2
Answer:
The market supply curve is obtained by adding together the individual supply curves of all firms in an economy. As the price increases, the quantity supplied by every firm increases, so market supply is upward sloping. A perfectly competitive market is in equilibrium at the price where demand equals supply.
Explanation:
Hope it helps you!!!!
Attachments:
Similar questions