The market demand curve for a resource is the _____
A)horizontal sum of the demand curves for that resource in all its various uses.
B)demand curve for the goods produced by that resource.
C)demand for that resource in its best use.
D)sum of the demand curves for that resource in its best two uses.
E)vertical sum of the demand curve for that resource in all its various uses.

Question

Quizplus · Accepted Answer

The market demand curve for a resource is determined by the combination of demand for the resource in all of its different uses. This is called the horizontal sum of demand curves, as it involves adding up the quantity demanded of the resource in each use at each price.

The Market Demand Curve for a Resource Is the _____