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