Market demand for a good is

the demand of the largest buyerCorrect answerYour answerthe average demand of the buyersCorrect answerYour answerthe quantity supplied by all sellersCorrect answerYour answerthe sum of the quantities demanded by all buyers at each priceCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

At each price, add up what every buyer wants: that is the market quantity demanded.
On a graph this is the horizontal sum of the individual demand curves.

Concept: Market demand
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsMarket demand

Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.

Practise this chapter →

Ten questions from Demand & Its Determinants, at your own pace.

Practise this chapter All 66 questions in Demand & Its Determinants Revise the notes for Demand & Its Determinants

Market demand for a good is

Explanation