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
If the graph crosses the x-axis and appears almost linear at the intercept, it is a single zero. If the graph touches the x-axis and bounces off of the axis, it is a zero with even multiplicity. If the graph crosses the x-axis at a zero, it is a zero with odd multiplicity. The sum of the multiplicities is the degree
Answer:
v=0.79x+3.99
f=1.89x+5.49
combined cost: 2.68×+9.48
Answer:
The chart is linear, the graph is not.
Step-by-step explanation:
Because the graph is curved and not straight, it is non-linear. You can also tell that this is non-linear because the rate of change, or slope, is inconsistent. The chart is linear because it has a consistent slope. I hope this helps, have a nice day. :-)
Answer:
Yes
Step-by-step explanation:
1.5(2^x)(2^1)
1.5x2^x x2
3x2^x
