What is private supply and market supply? || (What is private supply and market supply)? || Draw a supply line in the market? || Draw a supply line in the market?
Personalization and Marketing:
The different quantity of goods sold by a seller at a given time at a given price is called personal yagan.
On the other hand, the quantity of goods that all the sellers of the market give at different prices of a commodity at a given time is called market yagan.
Market yagan schedule can be made by adding personal yagan schedule to all the vendors.
Drawing the market yagan line:
Below is a brief and simplified market index
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| Market Yagan schedule |
The 1st and 2nd sellers of the goods are shown in the above table. The following shows how to draw a line in the market with the products of these two vendors.
Image:
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| Market Yagan line |
The 1st and 2nd seller's personal Yaegan line in the diagram above the Market Jaegan line is S1S'1 and S2 S'2 respectively. When the price of the goods is 10 rupees, the supply of the 1st and 2nd sellers will be 100 and 50 quintals respectively and the market will be (100 + 50) = 150 quintals; Which is shown by point A in the figure. As the price has increased to Rs. 15, the amount of personal yagan of 1st and 2nd seller will be 150 and 75 quintals respectively and the market yagan will be (150 + 75) = 225 quintals; Which is shown by point B in the figure. As the price has further increased to Tk 20, the quantity of 1st and 2nd seller's yagan will be 200 and 100 quintals respectively. The amount of mate yagan will be (200 + 100) = 300 quintals. Which is shown by point C in the figure. Now by drawing the points A, B and C we draw the line 'SS'; Which is known as the market yagan line.
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