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"Market demand curve is constructed by horizontally summing all the individuals demand curves at each and every price." Choose the correct option for the above-mentioned statement.

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Question

"Market demand curve is constructed by horizontally summing all the individual's demand curves at each and every price." Choose the correct option for the above-mentioned statement.

Options

  • True

  • False

  • Partially true

  • Can't be determined.

MCQ
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Solution

True

Explanation:

The market demand curve is the aggregate of all individual demand curves in a market.

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Chapter 2: Demand and Law of Demand - TEST YOURSELF QUESTIONS [Page 26]

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Frank Economics [English] Class 12 ISC
Chapter 2 Demand and Law of Demand
TEST YOURSELF QUESTIONS | Q 17. | Page 26
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