Business, 16.11.2019 01:31 lexybellx3

Explain the difference between an individual demand curve and a market demand curve.

an individual demand curve

a. relates the quantity of a good that a single consumer will buy to its price, while a market demand curve is all the individual demand curves multiplied together.

b. relates the quantity of a good that a single consumer will buy to its price, while a market demand curve relates the quantity of a good that all consumers in a market will buy to its price.

c. relates the quantity of a good that consumers in a market will buy at one particular price, while a market demand curve relates the quantity of a good that consumers in a market will buy at all prices.

d. both a and b are correct.

e. both b and c are correct.

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Explain the difference between an individual demand curve and a market demand curve.

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