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Makovka662 [10]

2 years ago

11

everyone's indiviaual demand for a particular good or service can be represented by the same demand curve

1 answer:

bija089 [108]2 years ago

5 0

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

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Answer:

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Step-by-step explanation:

In Δ DEF

∵ m∠E = 90°

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∵ EF is opposite to angle D

- We can use the sine ratio to find it

∵ sin D = $\frac{EF}{FD}$ ⇒ (opposite side / hypotenuse)

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