Exhibit 6.10

-Refer to Exhibit 6.10,which shows the demand curves for three consumers in the market,as represented by D,D',and D".The market demand curve will _____

Question

Exhibit 6.10
 
-Refer to Exhibit 6.10,which shows the demand curves for three consumers in the market,as represented by D,D',and D".The market demand curve will _____

Quizplus · Accepted Answer

The market demand curve is derived by horizontally summing the individual demand curves of all consumers in the market. This process typically results in a market demand curve that is flatter than each of the individual demand curves because it reflects the aggregated preferences and price sensitivities of all consumers.

Exhibit 6.10 -Refer to Exhibit 6.10,which Shows the Demand Curves for Three