Suppose Simon and Carla are the only buyers of music downloads. How would you create a market
demand curve from the demand curves you drew on the grids in questious 5 and 11?

Question

05-10-2021
Business

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Suppose Simon and Carla are the only buyers of music downloads. How would you create a market
demand curve from the demand curves you drew on the grids in questious 5 and 11?

Sagot :

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Topeadeniran2idn Topeadeniran2idn · Answer 1 · 2021-10-15T17:09:24-04:00

The market demand curve is used to show the summation of the individual demand curves that are in a given market.

This is an incomplete question and I'll explain the demand curve and give you an idea on how to answer the question.

The market demand curve is used to show the summation of the individual demand curves that are in a market. The market demand curve shows the quantity demanded of the products at various prices.

In order to draw the graph, the price will be on the vertical axis, the quantity demanded will be on the horizontal axis.

It should also be noted that a shift to the right of the demand curve implies that there's an increase in the demand for a product while a shift to the left implies that there's a reduction in the demand for a product.

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