The market demand curve is the vertical summation of the demand curves of all the individuals in the market.
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Q92: As the price of a good rises,
Q93: The law of demand contradicts the law
Q94: When the price of a good increases,
Q95: Inflation is a condition in which all
Q96: Consumers substitute between goods in response to
Q98: An increase in demand occurs when the
Q99: The substitution effect helps to explain why
Q100: The real income effect helps to explain
Q101: The substitution effect does not apply to
Q102: Prices indicate relative scarcity.
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