To derive a market demand curve from individual demand curves, it would be necessary to:
A. multiply the quantities demanded on each demand curve at each price to find the market quantity demanded at each price.
B. take the demand curve that is the furthest to the right as the market demand curve.
C. take the maximum quantity of each demand curve as the market quantity demanded at each price.
D. sum the curves horizontally, adding quantities demanded at each price.
Answer: D
You might also like to view...
Which item would probably have inelastic demand for a student?
(A) Sneakers (B) Ball point pen (C) School bus pass (D) Mouse pad
Demand is the relationship between the ____ and the ____ of a good when all other things remain the same. Question 3 options:
A. demand schedule; price B. quantity demanded; buying plans C. demand curve; demand schedule D. quantity demanded; price
In 2008, Japan's economy suffered as world economies slowed. If authorities in Japan followed the monetarist viewpoint, ________ to bring the economy back to full employment
A) taxes would be decreased and the money supply should be increased B) nothing should be done C) aggregate supply would shift leftward D) the money supply would be kept growing at a steady pace
A source of business risk is a change in
A) technology. B) consumer preferences. C) input prices. D) All of the above