Market supply of a good is

the sum of the quantities supplied by all firms at each priceCorrect answerYour answerthe supply of the largest firmCorrect answerYour answerthe average supply of the firmsCorrect answerYour answerthe quantity demanded by all buyersCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Like market demand, it is the horizontal sum of the individual curves.

Concept: Market supply
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsDeterminants of supply; movement and shift

Practise this chapter →

Ten questions from Perfect Competition & Supply, at your own pace.

Practise this chapter →

Ten questions from Perfect Competition & Supply, at your own pace.

Practise this chapter All 52 questions in Perfect Competition & Supply Revise the notes for Perfect Competition & Supply

Market supply of a good is

Explanation