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The market demand curve is a ______ summation of all Individual demand curves: - Economic Applications

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प्रश्न

The market demand curve is a ______ summation of all Individual demand curves:

पर्याय

  • Vertical

  • Lateral

  • Downward

  • None of the above

MCQ
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उत्तर

The market demand curve is a lateral summation of all Individual demand curves:

Explanation:

The market demand curve is a lateral summation of all individual demand curves. This means that it is obtained by adding the quantities demanded by all individuals at each price level, effectively summing the individual demand curves horizontally.

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पाठ 1: Elementary Theory of Demand - QUESTIONS [पृष्ठ १७]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
पाठ 1 Elementary Theory of Demand
QUESTIONS | Q 21. | पृष्ठ १७
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