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Makovka662 [10]
1 year ago
11

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

Mathematics
1 answer:
bija089 [108]1 year 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

brainly.com/question/13131242

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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:

The total distance walked by Paulo is 3750 feet.

Step-by-step explanation:

Here the four points are<em> (-2,1) (-2,-7) (5,-7) (5,1)</em>

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Moving from stop B to C, only the x coordinate changes,

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It is given that <em>1 unit = 125 feet</em>

Thus, the total distance traveled is = (125)(30) = 3750 feet

The total distance walked by Paulo is 3750 feet.

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