A market demand curve reflects Group of answer choices when the buyers are willing to buy the most. the fact that the level of i

Question

3 years ago

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A market demand curve reflects Group of answer choices when the buyers are willing to buy the most. the fact that the level of i

ncome is inversely related to quantity demanded. how much all buyers are willing and able to buy at each possible price. how quantity demanded changes when the number of buyers changes.

Business

1 answer:

NikAS [45] · Answer 1 · 2022-06-17T20:49:57+03:00

Answer:

how much all buyers are willing and able to buy at each possible price

Explanation:

<em>A market demand curve reflects how much all buyers are willing and able to buy at each possible price.</em>

The individual demand curve is a graph that elicits the kind of relationship that exists between the demand for a product and the price of the product at a specific period.

<u>The market demand curve sums up all the individual demand for a product at a particular price in the market. It is the total quantity of product buyers are willing and able to buy at each possible price of the product.</u>

The higher the individual demands for a product at a specific price, the higher the market demand and vice versa.