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The Demand Curve
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The Demand Curve
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3. The Market Forces of Supply and Demand / The Demand Curve / Problem 2
Problem 2
If two consumers have individual demand curves for a product, how is the market demand curve derived from these individual curves?
A
By taking the minimum quantity demanded by any consumer at each price level.
B
By taking the maximum quantity demanded by any consumer at each price level.
C
By summing the quantities demanded by each consumer at each price level.
D
By averaging the prices each consumer is willing to pay.
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