Exhibit 6-20
-Refer to Exhibit 6-20. If D, D' and D'' represent the demand curvesfor the only three consumers in a market, then the market demand curve will be more _________ than each of the three individual demand curves.
A) steep (slope will be more negative)
B) elastic
C) flat (slope will be less negative)
D) inelastic
E) both a and d

Question

Exhibit 6-20 
-Refer to Exhibit 6-20. If D, D' and D'' represent the demand curvesfor the only three consumers in a market, then the market demand curve will be more _________ than each of the three individual demand curves.
A) steep (slope will be more negative) 
B) elastic 
C) flat (slope will be less negative) 
D) inelastic 
E) both a and d

Quizplus · Accepted Answer

The Answer of Exhibit 6-20 
-Refer to Exhibit 6-20. If D, D' and D'' represent the demand curvesfor the only three consumers in a market, then the market demand curve will be more _________ than each of the three individual demand curves.
A) steep (slope will be more negative) 
B) elastic 
C) flat (slope will be less negative) 
D) inelastic 
E) both a and d

Exhibit 6-20 -Refer to Exhibit 6-20. If D, D' and D'' Represent