When the number of buyers in a market changes, the market demand curve shifts even if individual demand curves do not shift.
Answer the following statement true (T) or false (F)
True
A change in the number of buyers causes the market demand curve to shift.
You might also like to view...
Refer to the figure below. At the original market equilibrium: 
A. 40 cups are sold per hour at a price of $2.00 each. B. 50 cups are sold per hour at a price of $2.50 each. C. 50 cups are sold per hour at a price of $1.00 each. D. 60 cups are sold per hour at a price of $1.50 each.
Any attempt to capture a consumer surplus, a producer surplus, or an economic profit is called
A) profit-maximizing. B) rent-seeking. C) price discriminating. D) efficiency gain.
The IBRD part of the World Bank is set up to lend to whom and for what types of projects?
What will be an ideal response?
A totally pollution free environment should be a primary social goal
a. True b. False Indicate whether the statement is true or false