Question 61
MediumOriginal questionAssertion (A): The market demand curve is obtained by adding individual demand curves horizontally.
Reason (R): At each price, market quantity demanded is the sum of individual quantities demanded.
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Both are true.
Adding quantities at a given price means adding along the horizontal (quantity) axis, so R explains A.
- Concept
- Horizontal summation
- Typical timeTypical
- 70 s
- Your timeYours
- —
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