Amarket supply schedule shows ?

a) the products of two companies only.
b) the prices and quantity in an entire market.
c) how prices affect a single producer.
d) how prices affect a group of consumers.

The correct answer is B.

Explanation:

In one hand, a Supply Schedule is a table that illustrates how much of a good or service suppliers are willing and able to supply at many different prices, in individual terms.

In the other hand, a Market Supply Schedule works the same way as the individual supply schedule, but this one includes the prices and quantity of goods or services of an entire market.

This economic tool is used to understand the relation between the price and the quantity. It shows how the dependant variable(quantity) changes depending the increase or decrease of the independant variable(price).

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