A market demand curve
A) is the horizontal summation of the demand curves of all consumers in the market.
B) is the sum of the prices consumers are willing to pay at each quantity.
C) shows that consumers demand more at higher prices.
D) both a and b
E) all of the above

Question

Quizplus · Accepted Answer

The market demand curve is the horizontal summation of the demand curves of all consumers in the market. It shows the total quantity that all consumers in the market are willing to buy at each price. The other options are not accurate descriptions of the market demand curve.

A Market Demand Curve