This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain how a market demand curve is constructed. What will be an ideal ... (Read 61 times)

tiffannnnyyyyyy

  • Hero Member
  • *****
  • Posts: 512
on: Jun 29, 2018
Explain how a market demand curve is constructed.
 
  What will be an ideal response?

Question 2

A decrease in demand and an increase in supply will lead to
 
  A) unambiguous increases in both price and quantity.
  B) unambiguous decreases in both price and quantity.
  C) an unambiguous decrease in price, but the effect on quantity is indeterminate.
  D) an unambiguous decrease in quantity, but the effect on price is indeterminate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rnehls

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 29, 2018
Answer to Question 1

The market demand curve is the horizontal summation of the individual demand curves. A price is selected, and the quantities demanded of each person at that price are summed. Then another price is selected and the quantities demanded of each person at that price are summed. Continue doing this for other prices until the market demand curve is traced out.

Answer to Question 2

C


tiffannnnyyyyyy

  • Member
  • Posts: 512
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Draw and label a diagram and explain how a factor-dependent transcription (rho-dependent) terminator Draw and label a diagram and explain how a factor-dependent transcription (rho-dependent) terminator
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: What are Strong & Weak Acids and How they're different?

For a complete list of videos, visit our video library