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The Figure Given Below Represents the PPC in Two Nations

Question 8

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The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4    -The market demand curve is derived by: A) studying an individual's demand for a product over a year. B) comparing the monthly consumption of a group of people. C) surveying a set of consumers and ascertaining their preferences. D) adding up the quantities that consumers in a market are willing and able to purchase at each price. E) calculating the average price a random sample of consumers are willing to pay for a product.
-The market demand curve is derived by:


A) studying an individual's demand for a product over a year.
B) comparing the monthly consumption of a group of people.
C) surveying a set of consumers and ascertaining their preferences.
D) adding up the quantities that consumers in a market are willing and able to purchase at each price.
E) calculating the average price a random sample of consumers are willing to pay for a product.

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