ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A supply schedule indicates how many goods suppliers are willing to sell at each market price.

Detailed explanation-2: -A supply schedule is a table that shows the quantity supplied at each price. A supply curve is a graph that shows the quantity supplied at each price. Sometimes the supply curve is called a supply schedule because it is a graphical representation of the supply schedule.

Detailed explanation-3: -The supply schedule shows you how the supply changes when you increase or decrease the price. The market supply schedule is a table that lists the quantity supplied for a good or service that suppliers throughout the whole economy are willing and able to supply at all possible prices.

Detailed explanation-4: -Market supply schedule refers to the supply schedule of all the firms in the market producing a particular commodity. Hence, the horizontal summation of the supply schedule of all individual firms gives us the market supply schedule.

Detailed explanation-5: -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.