The market supply curve for a product:
A) is the supply of an individual consumer.
B) will lie to the right of all of the individual supply curves for a product.
C) graphically is the vertical sum of the individual supply curves.
D) will lie above all of the individual supply curves for a product.

Question

Quizplus · Accepted Answer

The market supply curve for a product will lie to the right of all of the individual supply curves for a product. This is because the market supply curve represents the total quantity supplied of a product by all producers in the market, while the individual supply curves represent the quantity supplied by individual producers. As the number of producers in the market increases, so does the total quantity supplied, shifting the market supply curve to the right.

The Market Supply Curve for a Product