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Question
Market demand curve is obtained by ______ summation of the individual demand curves.
Options
Vertical
Horizontal
Both (a) and (b)
Neither (a) nor (b)
MCQ
Fill in the Blanks
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Solution
Market demand curve is obtained by horizontal summation of the individual demand curves.
Explanation:
Market demand is found by adding consumers’ quantities demanded at each price, which is horizontal summation. Vertical summation does not produce the market demand curve.
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