Question

derive the market demand curve? 10mark​

Answer 1

Explanation:

The market demand for a given commodity is the horizontal summation of the de­mands of the individual consumers.

In other words, the quantity demanded in the market at each price is the sum of the individual demands of all consumers at that price.

Answer 2

Answer:

The market demand curve is obtained by adding together the demand curves of the individual households in an economy. As the price increases, household demand decreases, so market demand is downward sloping. The market supply curve is obtained by adding together the individual supply curves of all firms in an economy.

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