Market supply | Topics | tutor2u Economics

Market supply is the total amount of an item producers are willing and able to sell at different prices, over a given period of time e.g. one month. Industry, a market supply curve is the horizontal summation of all each individual firm’s supply curves. The entry of new firms into an industry will cause an outward shift of market supply; so too would an industry-wide improvement in the technology available to producers.

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