A market demand curve is found by A) adding the prices each ...

[acc299]

A market demand curve is found by
 
  A) adding the prices each consumer would pay for each quantity.
  B) adding the prices and the quantities demanded by a consumer.
  C) adding the quantities demanded for each individual consumer at each price.
  D) taking the demand curve of the representative consumer.

Question 2

A severe drought has devastated cocoa plants, causing an increase in the price of chocolate. In the market for chocolate chip cookies
 
  A) a surplus will arise.
  B) supply has decreased and price has increased.
  C) quantity has decreased and price has decreased.
  D) quantity demanded has increased.

[pocatato]

Answer to Question 1

C

Answer to Question 2

B

[acc299]

Excellent

[LegendaryAnswers]

Gracias!