213k views
3 votes
The market supply is the ________ of the individual supplies of all the potential sellers.

User Roker
by
7.2k points

1 Answer

1 vote

Final answer:

The market supply is the sum of the individual supplies of all the potential sellers.

Step-by-step explanation:

The market supply is the sum of the individual supplies of all the potential sellers.

For example, let's say there are three sellers in a market. Seller A is willing to supply 10 units of a product at a certain price, Seller B is willing to supply 15 units, and Seller C is willing to supply 8 units. The market supply would be the sum of these individual supplies, which is 10+15+8=33 units.

So, the market supply represents the total quantity of a good or service that all sellers in a market are willing and able to provide at various prices

User Druta Ruslan
by
7.2k points