Question

To find the market demand for a good or service, economists: Please choose the correct answer from the following choices, a) subtract the quantities of a good or service each consumer would buy at each price from the total number of goods available to sell. b) add together the prices each consumer would pay for each quantity of a good or service. c) add together the quantities of a good or service each consumer would buy at each price. d) perform the process called vertical summation of the individual demand curves.

Answer 1

C) add together the quantities of a good or service each consumer would buy at each price.

Step-by-step explanation:

The market demand for a good or service should include all the goods or services that consumers from a specific market are willing and able to purchase or consume during a period of time. For each price level, the quantity demanded should be different, increasing as the price decreases, and decreasing as the price increases.