Graphically,the market demand curve is:

Question

Quizplus · Accepted Answer

The market demand curve is the horizontal sum of individual demand curves because it represents the total quantity demanded by all consumers at each price level. In other words, it shows the quantity demanded by the market as a whole, which is the sum of the quantities demanded by each individual consumer. Therefore, the market demand curve lies below the individual demand curves and is less steep than any individual demand curve.

Graphically,the Market Demand Curve Is