A market supply curve is
A)the horizontal sum of the individual supply curves.
B)downward sloping.
C)the vertical sum of the individual supply curves.
D)downward sloping initially,and then upward sloping.
E)represented by a line with a constant slope.

Question

Quizplus · Accepted Answer

A market supply curve represents the total quantity of a good or service that all producers are willing and able to supply at different prices. It is obtained by horizontally summing the individual supply curves of all producers in the market.

A Market Supply Curve Is