The market demand curve for a particular good
A)may be horizontal even if the individual consumers' demand curves are downward sloping
B)will always shift to the right as the price of the good decreases
C)is even more likely to be downward sloping than an individual consumer's demand curve
D)will always shift to the right if consumers' incomes increase
E)must be flatter than the flattest of the individual consumer demand curves

Question

Quizplus · Accepted Answer

The market demand curve is the aggregation of all individual demand curves, which are typically downward sloping. Therefore, the market demand curve is also likely to be downward sloping.

The Market Demand Curve for a Particular Good