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Author Question: A change in all of the following variables will change the market demand for a product except A) ... (Read 89 times)

ETearle

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on: Jun 29, 2018
A change in all of the following variables will change the market demand for a product except
 
  A) the price of the product. B) tastes.
  C) income. D) population and demographics.

Question 2

What is the relationship between individual supply and market supply?
 
  What will be an ideal response?


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l.stuut

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

The market supply equals the sum of the individual quantities supplied by all the producers at each price. The market supply curve is equal to the horizontal sum of all the individual supply curves.


ETearle

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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