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Market Demand
Market Demand Curves
- A curve which relates the quantity of a good that all the consumers in a market buy to price of that good.
Determining Market Demand Curve
Summing to Obtain a Market Demand Curve
* Two Significant Points
1) The market demand will shift to right as more consumers enter in market.
2) Factors which influence the demands of many consumers will affect the market demand.
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Circular Flow of Income: The diagram shows Real Flow (goods and services) and Monetary Flow (Income and expenditure). The bottom pair of arrows depicts the goods market.
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