We can derive the market demand curve for gold earrings
A)only if the tastes of all gold earring consumers are similar.
B)by adding horizontally the individual demand curves of each gold earring consumer.
C)by adding vertically the quantity demanded of each gold earring consumed at each price.
D)by adding the prices each gold earring consumer is willing to pay for each quantity.

Question

Quizplus · Accepted Answer

The market demand curve for gold earrings can be derived by adding horizontally the individual demand curves of each gold earring consumer. This assumes that the tastes of all consumers are not necessarily similar, but rather that the demand curves represent the preferences and willingness to pay of each individual consumer in the market. By adding these individual demand curves, we can derive the overall demand for gold earrings in the market.

We Can Derive the Market Demand Curve for Gold Earrings