Show that the slope of the market demand curve is the summation of the slopes of individuals' demand curves
What will be an ideal response?
The market demand is given by Q = D1(p) + D2(p) + ... + DN(p), where Di(p) is the demand for consumer i and there are N consumers. The addition rule of derivatives implies that the derivative of the market demand is the sum of derivatives of each individual's demand.
Economics
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Suppose the issuer of a bond fails to pay some of the interest or principal that was promised to the bondholders. This failure is referred to as a
a. breach. b. default. c. risk. d. term failure.
Economics
Congress passed the ________ in 1996, the purpose of which was to phase out price floors and return to a free market in agriculture
A) Rice and Beans Act B) Smoot-Hawley Act C) Agribusiness Act D) Freedom to Farm Act
Economics