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31 Supply ? Market supply – Sum of the supplies of all sellers for a good or service ? Market supply curve – Sum of individual supply curves horizontally – Total quantity supplied of a good varies ? As the price of the good varies ? All other factors that affect how much suppliers want to sell are hold constant 32 Figure 6 Market Supply as the Sum of Individual Supplies The quantity supplied in a market is the sum of the quantities supplied by all the sellers at each price. Thus, the market supply curve is found by adding horizontally the individual supply curves. At a price of $2.00, Be
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