The market demand curve is
A)any individual's demand curve multiplied by the number of consumers in the market
B)the relationship between income and quantity demanded
C)the horizontal sum of the individual demand curves for all consumers in the market
D)the vertical summation of all individual demand curves
E)the sum of prices paid at each quantity demanded

Question

Quizplus · Accepted Answer

The market demand curve represents the total quantity demanded of a good or service at different price levels, and it is calculated by adding up the quantities demanded by all consumers in the market at each price level. Therefore, the correct answer is C, which describes the horizontal sum of the individual demand curves for all consumers in the market.

The Market Demand Curve Is