Question

To determine the total demand for all consumers, sum the quantity each consumer demands
Select one:
D
a. Both A and B will generate the same total demand.
CD
b. at all prices and then sum this amount across all consumers.
CTD
c. None of the above.
IKUD
d. at a given price.​

Answer 1

Explanation:

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Answer 2

Answer:

The correct answer is option (d)

(d) at a given price

Explanation:

• The quantity of each good that the consumer demand was determined based on the consumer equilibrium condition.

• The individual consumer good known as good X is used to satisfy the law of demand and can be represented by a downward-sloping individual demand curve.
• For good X, one of many participants in the market is the individual Consumer.
• In all individual demand curves by taking the horizontal summation the market demand curve was found.
• The same principle is used if there are more than two consumers in the market.
• For good X, at a given price the market demand curve is found by summing both the consumer's demand.
• Therefore to determine the total demand for all consumers, sum the quantity each consumer demands at a given price.

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