Consider a market with two firms. The following table shows the supply schedules of the two firms: the SS1 column gives the supply schedule of firm 1 and the SS2 column gives the supply schedule of firm 2. Compute the market supply schedule.
Price (Rs) | SS1 (kg) | SS2 (kg) |
0 | 0 | 0 |
1 | 0 | 0 |
2 | 0 | 0 |
3 | 1 | 1 |
4 | 2 | 2 |
5 | 3 | 3 |
6 | 4 | 4 |
Price (Rs) | SS1 (kg) | SS2 (kg) | Market Supply = SS1 + SS2 |
0 | 0 | 0 | 0 |
1 | 0 | 0 | 0 |
2 | 0 | 0 | 0 |
3 | 1 | 1 | 2 |
4 | 2 | 2 | 4 |
5 | 3 | 3 | 6 |
6 | 4 | 4 | 8 |