Question

Method of adding two individual demand curve is called as

Answer 1

Method of adding two individual demand curve is called as Market Demand Curve.

Market Demand Curve is sum total of two or more individual demand curves for a single product in the market.

If we add all the individual demand curves of all the customers of a product, we get the total market demand curve.

Answer 2

Method of adding two ‘individual demand curve’ is called a market demand curve.

Explanation:

• The ‘market demand curve’ is the total of all the ‘individual demand curves’ in a given market.  

• It shows the various price points and the quantity demanded the good by the individuals at these different pricing points.  

• This can be found by taking the ‘horizontal summation’ of all individual demand curves.

• The ‘Horizontal summation’ of demand curves help us in understanding the ‘market demand curve’ of a private good.

Learn more about market demand curve

Why oligopoly market demand curve undetermined?

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State the determinant of the market demand curve.

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