Question

True or false 1-TO get the market demand curve we simply add up the demands of all participates including buyers and sellers in the market

Answer 1

False. To get the market demand curve, we need to add up all of the individual demand curves of the buyers in the market. This is because individual demand curves shift based on different factors such as income, prices, and preferences. The market demand curve reflects the collective effect of all the individual demand curves.

Answer 2

Step-by-step explanation:

?

False. The market demand curve represents the total demand for a good or service in the market. It is not calculated simply by adding up the individual demands of all buyers and sellers in the market. The market demand curve is determined by the aggregate demand of all participants in the market and takes into account factors such as the price of the good or service, the availability of substitutes, income levels, tastes and preferences, and so on.