Market demand curves are obtained by
A) observing the behavior of an individual consumer in a market.
B) observing the prices and quantities sold in a market over time and plotting those price-quantity combinations in a graph.
C) averaging the quantities every consumer is willing to buy at each different price.
D) summing the quantities every consumer is willing to buy at each different price.
E) determining the price each consumer is willing to pay for the good and summing those prices across all consumers.
D
You might also like to view...
An externality is any activity for which an individual firm or consumer does not take into account all
A) of the ramifications of its actions on others. B) associated costs. C) associated benefits. D) associated costs and benefits.
If the APS rises by .02, how much does total saving rise?
C = $6.4 trillion Disposable income = $8 trillion Autonomous consumption = $4 trillion