if-two-consumers-have-individual-demand-curves-for-a-product-how-is-the-market-d

Question

If two consumers have individual demand curves for a product, how is the market demand curve derived from these individual curves?

Accepted Answer

By summing the quantities demanded by each consumer at each price level.

Answer

By taking the minimum quantity demanded by any consumer at each price level.

Answer

By taking the maximum quantity demanded by any consumer at each price level.

Answer

By averaging the prices each consumer is willing to pay.