If we know each consumer's demand curve, we can derive the market demand curve by:
A)vertically summing the individual demand curves.
B)horizontally summing the individual demand curves.
C)averaging the individual demand curves.
D)obtaining consumer incomes and summing them.
E)none of the above.

Question

Quizplus · Accepted Answer

The market demand curve is derived by horizontally summing the individual demand curves, which means adding the quantities demanded by all consumers at each price level.

If We Know Each Consumer's Demand Curve, We Can Derive