Graphically, the market supply curve is obtained by
A) changing the ceteris paribus conditions.
B) a change in quantity supplied.
C) horizontally summing quantity supplied at various prices for individual producers.
D) vertically summing quantity supplied at various prices for individual producers.

Question

Quizplus · Accepted Answer

The market supply curve is obtained by horizontally summing the quantity supplied at various prices by individual producers. This is because the market supply is the sum of the individual supplies of all producers in the market. Therefore, to obtain the market supply curve, we need to add up the quantity supplied at each price by all producers in the market.

Graphically, the Market Supply Curve Is Obtained by