Asked by Angela Vazquez on May 14, 2024

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The short-run industry supply curve can be found by horizontally summing the short-run supply curves of all the individual firms in the industry.

Short-Run Industry Supply

The total quantity of goods that firms in a particular industry are willing and able to sell at different prices in a short period, with some factors held constant.

  • Explore the reasons behind the formation of industry supply curves and their evolution towards long-run equilibrium.
  • Understand the relationship between market structures and the elasticity of supply and demand.
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CD
Charles DavisMay 14, 2024
Final Answer :
True
Explanation :
The short-run industry supply curve represents the total quantity of a good or service that all firms in the industry are willing to supply at each price level in the short run. It is found by horizontally summing the individual firms' supply curves at each price. Therefore, option A is correct.