To calculate market supply,horizontally sum the individual supply curves at each price.

Name: To calculate market supply,horizontally sum the individual supply curves at each price.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Market supply is calculated by horizontally adding up individual supply curves at each price. This is because at each price point, the total quantity supplied in the market is the sum of the quantities supplied by all producers.

To Calculate Market Supply,horizontally Sum the Individual Supply Curves at Each