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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 8
Problem 8
What does market demand represent in economic terms?
A
The average quantity demanded by all consumers at various prices.
B
The total quantity demanded by all consumers at various prices.
C
The highest quantity demanded by any consumer at various prices.
D
The lowest quantity demanded by any consumer at various prices.
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