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Individual Demand and Market Demand
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Individual Demand and Market Demand
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3. Supply and Demand / Individual Demand and Market Demand / Problem 9
Problem 9
Given individual demand curves for three consumers, how would you graphically represent the market demand curve?
A
By selecting the lowest quantity demanded at each price level and plotting these values.
B
By summing the quantities demanded at each price level and plotting these sums.
C
By selecting the highest quantity demanded at each price level and plotting these values.
D
By averaging the quantities demanded at each price level and plotting these averages.
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