Question

55)At any price market demand curve:
Select one:
a. is steeper than the steepest individual demand curve
b. Is flatter tan the flattest individual demand curve
c. Has a slope that is average of individual demand curve slopes
d. has a horizontal intercept equal to average to individual demand curve horizontal intercepts​

Answer 1

• In economics, a demand curve is a graph depicting the relationship between the price of a certain commodity (the y-axis) and the quantity of that commodity that is demanded at that price (the x-axis). Demand curves may be used to model the price-quantity relationship for an individual consumer (an individual demand curve), or more commonly for all consumers in a particular market (a market demand curve).