The statement "everyone's individual demand for a particular good or service can be represented by the same demand curve " is false. Option B
This is further explained below.
<h3>What is
the demand curve?</h3>
Generally, In the field of economics, a demand curve is a graph that illustrates the relationship between the price of a particular commodity and the quantity of that commodity that is demanded at that price. Specifically, the graph shows how the quantity of a commodity is affected by the price of the commodity.
Demand curves may be used to analyze the price-quantity connection for a single customer, or they can be used to analyze the relationship for all consumers in a certain market.
In conclusion, It is a fallacy to assert that "everyone's individual need for a given commodity or service can be represented by the same demand curve."
Read more about Demand curves
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Complete Question
Everyone's indiviaual demand for a particular good or service can be represented by the same demand curve
True or false
Answer:
14.62
Step-by-step explanation:
The real way is to subtract the term with the variable on the right first, but both Spencer and Jeremiah are correct. When you do them both, they arrive at the same answer, only that Spencer's would be 2/5, and Jeremiah's would be -2/-5, which is 2/5, because you divide negative by a negative. It doesn't matter which term with the variable you would cancel out first. Either way, you still arrive at the correct answer.
Answer:
x=1
Step-by-step explanation:
4x+1=5
4x=5-1
4x=4
x=4/4=1
This happens to be a whole number.
Answer:
1. 3.6 times 10 -4 2. 800;0 the last one is 7.92 times 10 7
Step-by-step explanation:
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