Graphically, the market demand curve is
A) greater than the sum of the individual demand curves
B) the horizontal sum of individual demand curves
C) steeper than any individual demand curve that is part of it
D) the vertical sum of individual demand curves
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Answered by
1
option b is correct
Graphically market demand curve is a horizontal sum of individual demand curves.
market demand curve is a summation of all the individual demand curves in the market for a particular good. this shows the quantity demanded of the good at varying price points. Because quantity demanded decreases as price increases, the market demand curve has a negative or downward.
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Hello mate
here's your answer
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Option B✔✔
The horizontal sum of individual demand cures.
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Hope it helps you
here's your answer
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Option B✔✔
The horizontal sum of individual demand cures.
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Hope it helps you
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