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Question
The graphical representation of total demand in an economy y is a ______.
Options
Individual demand curve
Market demand curve
Market demand schedule
Composite demand schedule
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Solution
The graphical representation of total demand in an economy y is a market demand curve.
Explanation:
The market demand curve is a graphical representation of total demand in an economy. It shows the relationship between the price of a good and the total quantity demanded by all consumers in the market at each price level.
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