Which best expresses the relationship between the market and individual demand c
ID: 1097328 • Letter: W
Question
Which best expresses the relationship between the market and individual demand curves?
A. The market demand curve is an average of all individual demand curves.
B. Individual demand curves can be found by dividing the market demand by the number of buyers.
C. The market demand curve is constructed by multiplying the price times the quanitity demanded by each consumer at each possible price.
D. The market demand curve found by adding the quantities demanded by each consumer at each possible price.
E. The market demand curve sums the prices each individual is willing to pay for a given quanitity.
Explanation / Answer
B. Individual demand curves can be found by dividing the market demand by the number of buyers
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