The market demand curve is
a. any individual consumer's demand curve multiplied by the number of consumers in the market
b. a relationship between total income and total quantity demanded
c. the horizontal sum of the individual demand curves of all consumers in the market
d. the vertical sum of the individual demand curves of all consumers in the market
e. the sum of the prices paid at each quantity demanded
C
You might also like to view...
Whenever average output produced per worker during a specific time-period increases, then
A) leisure time increases. B) nominal GDP decreases. C) labor productivity increases. D) the standard of living goes down.
The idea that higher prices reduce the purchasing power of financial assets and lead to less consumption and more saving is known as the
a. real wealth effect b. interest rate effect c. foreign purchases effect d. income effect e. aggregate demand effect