If consumers experience an increase in lifetime income, current spending will ________, current saving will ________, and future spending will ________

The larger the number of bidders in an open outcry Dutch auction, ________

A) the lower is the maximum willingness to pay of each bidder B) the smaller is the consumer surplus earned by the winner C) the larger is the quantity offered by the auctioneer for auction D) the lower is the value of the starting bid

The horizontal summing of individual demand curves creates

a. a horizontal supply curve b. a vertical supply curve c. a market demand curve d. the quantity supplied for each individual demand e. the quantity demanded for each individual supply