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:
5:56 Pm.
Step-by-step explanation:
I got the answer because i took the driving time and converted into hours and then did the math between times...
The answer is A. a=(-1) b=(7)
Answer:
6/8, 9/12, 12/16 etc.
Step-by-step explanation:
You just think of a number for an example 2. Multiply 3 and 4 by it and you have a fraction equivalent to 3/4.
Hope this helped
Answer:
23
Step-by-step explanation:
She originally had 23 because if she gave away 6 bags of chips, she would have 17 left
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17+6=23
double check answer:
23-6=17