Market and individual demand curves

Assignment Help Microeconomics
Reference no: EM13696703

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 quantity 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 quantity.

Reference no: EM13696703

Questions Cloud

Windfall price increase of an imported good : The windfall price increase of an imported good that results hen a quota is imposed on that good accrues to
Economists generally dislike the restriction of trade : Economists generally dislike the restriction of trade because it
Primary determinant of price elasticity of supply : Which of the following is a primary determinant of price elasticity of supply?
Government puts tax on imported good that effectively stops : When a government puts a tax on an imported good that effectively stops all imports of that good, it is
Market and individual demand curves : Which best expresses the relationship between the market and individual demand curves?
Effect of a trading partner who imposes binding import quota : The effect of a trading partner who imposes a binding import quota on the good the home country is export subsidizing? Who are the winners and losers under these circumstances?
The finance department predicts dropping the price : The advertising department expects the next $20,000 in ad spend should increase sales by 5,000 units to 50,000 while maintaining the current price of $5.00. The finance department predicts dropping the price by $1.00 will increase sales by 15,000 to ..
How is total risk measured-what is a portfolio : How is total risk measured? What is a portfolio? Why is the standard deviation of a portfolio less than the average standard deviation of the assets in the portfolio? What is systematic risk? What are the other names for it? What is unsystematic risk..
Compared between monopoly and perfect competitive market : Compared between monopoly and perfect competitive market, there is no deadweight loss in the latter one, so the market is claimed to be the most (static) efficient. What is deadweight loss? Why the standard theory says it is bad to society? Now, DWL ..

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe if free trade can ever be fair justify the

free trade is best defined as a system in which goods capital and labor flow freely between nations without barriers

  Grand corp issued 20000000 par value 10 convertible bonds

grand corp. issued 20000000 par value 10 convertible bonds at 99. if the bonds had not been convertible the companys

  Why is the banking system in the united states

Why is the banking system in the United States referred to as a fractional reserve bank system? What is the role of deposit insurance in a fractional reserve system?

  1 industry demand function q 14 - frac12p 0001income

1. industry demand function q 14 - frac12p 0.001income. marginal cost is fixed and equal to 16. fixed costs 0. you

  Determine which city provides the lowest overall costs

Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa Fe, and Salt Lake City are under consideration. For each location, annual fixed costs (rent, equipment, and insurance) and average variable costs p..

  Does the market price change due to the shift in the demand

If we assume that all firms in a perfectly competitive constant cost industry are identical, we conclude that, in the long run, product price will exactly equal the firms' minimum average total cost. Explain why this is true using supply and deman..

  What level of output are your average variable costs

what level of output are your average variable costs minimized and at what level of output are your average total costs minimized?

  The indian mineral leasing act

The Indian Mineral Leasing Act

  The economy is initially at potential

1. For this problem assume that the economy is initially at potential. Inflation is 3% and the real interest rate is equal to the marginal product of capital, which is 4%. As well, when the economy is at potential unemployment is 5%. Final..

  Changes in price of a key commodity

How would government react to sudden, large changes in the price of a key commodity, such as gasoline, electricity, or prices on stocks on the New York Stock Exchange?

  1 governments in australia are concerned about the high

1. governments in australia are concerned about the high level of house prices?using ideas of consumer and producer

  Maximize the efficiency of its labor expenditures

If the firm's goal is to maximize the efficiency of its labor expenditures, which of the three hourly salary rates should it use: $26 per hour, $36 per hour, or $49 per hour? By contrast, which salary maximizes the productivity of the car dealer's wo..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd