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Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule. Price (Rs ) SS1 (kg) SS2 (kg) 0 0 0 1 0 0 2 0 0 3 1 0 4 2 0.5 5 3 1 6 4 1.5 7 5 2 8 6 2.5

Answer» Consider a market with two firms. In the following table, columns labelled as SS1 and SS2 give the supply schedules of firm 1 and firm 2 respectively. Compute the market supply schedule.























































Price (Rs ) SS1 (kg) SS2 (kg)
0 0 0
1 0 0
2 0 0
3 1 0
4 2 0.5
5 3 1
6 4 1.5
7 5 2
8 6 2.5


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