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 |
Price (Rs) | SS1 (kg) | SS2 (kg) | Market Supply = SS1 + SS2 |
0 | 0 | 0 | 0 |
1 | 0 | 0 | 0 |
2 | 0 | 0 | 0 |
3 | 1 | 0 | 1 |
4 | 2 | 0.5 | 2.5 |
5 | 3 | 1 | 4 |
6 | 4 | 1.5 | 5.5 |
7 | 5 | 2 | 7 |
8 | 6 | 2.5 | 8.5 |