subject
Business, 16.11.2019 01:31 lexybellx3

Explain the difference between an individual demand curve and a market demand curve.

an individual demand curve

a. relates the quantity of a good that a single consumer will buy to its price, while a market demand curve is all the individual demand curves multiplied together.

b. relates the quantity of a good that a single consumer will buy to its price, while a market demand curve relates the quantity of a good that all consumers in a market will buy to its price.

c. relates the quantity of a good that consumers in a market will buy at one particular price, while a market demand curve relates the quantity of a good that consumers in a market will buy at all prices.

d. both a and b are correct.

e. both b and c are correct.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 19:20
Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect
Answers: 2
question
Business, 22.06.2019 23:10
Asemiprofessional baseball team near your town plays two home games each month at the local baseball park. they split the concessions 50/50 with the city, but keep revenue from ticket sales for themselves. the city charges the team $100 each month for the three-month season. the team pays the players and manager a total of $1,000 a month. the team charges $10 for each ticket, and the average customer spends $7 at the concession stand. attendance averages 30 people at each home game.in order to break even, how many tickets does the team need to sell for each game? a. 33b. 37c. 41e. 49f. 244
Answers: 1
question
Business, 23.06.2019 06:00
If a society decides to produce consumer goods from its available resources, it is answering the basic economic question
Answers: 3
question
Business, 23.06.2019 20:00
If overnight delivery makes you think of fedex, what marketing strategy caused that association in your mind? direct mail tv advertising branding connectivity
Answers: 1
You know the right answer?
Explain the difference between an individual demand curve and a market demand curve.

an...
Questions
question
Health, 08.03.2021 08:30
question
English, 08.03.2021 08:30
question
Mathematics, 08.03.2021 08:30
question
Mathematics, 08.03.2021 08:30
question
Mathematics, 08.03.2021 08:30
question
Mathematics, 08.03.2021 08:30
question
Mathematics, 08.03.2021 08:30
Questions on the website: 13722367