Which of the following accurately describes the difference between an individual demand curve and a market demand curve?
a. A market demand curve focuses more on price than does an individual demand curve.
b. A market demand curve focuses on a broader set of buyers than does an individual demand curve.
c. A market demand curve focuses more on consumers than does an individual demand curve.
d. A market demand curve focuses on a more specific area than does an individual demand curve.
b. A market demand curve focuses on a broader set of buyers than does an individual demand curve.
You might also like to view...
What is meant by the term economic growth?
What will be an ideal response?
Which of the following is not one of the leading indicators?
A) index of consumer expectations, U. of Michigan B) change in consumer price index for services C) vendor performance, slower deliveries diffusion index D) manufacturers' new orders, nondefense capital goods