The market demand curve is
a. any individual's demand curve multiplied by the number of consumers in the market
b. the relationship between income and quantity demanded
c. the horizontal sum of the individual demand curves for all consumers in the market
d. the vertical summation of all individual demand curves
e. the sum of prices paid at each quantity demanded
C
You might also like to view...
In the short run, in equilibrium, firms that operate in a monopolistically competitive market face a down sloping demand curve and will charge a price where _____ and ______.
a. quantity produced is maximized; costs are minimized b. sales revenue is maximized; costs are falling c. MR = MC; P > average cost d. average costs are rising; sales are rising
In a closed economy with output fixed, an increase in government spending matched by an equal increase in taxes will:
A. increase consumption. B. increase the interest rate. C. increase investment. D. leave all other variables unchanged.