Exhibit 6-20 -Refer to Exhibit 6-20. If D, D' and D'' Represent

question 29

Multiple Choice

Exhibit 6-20
-Refer to Exhibit 6-20. If D, D' and D'' represent the demand curvesfor the only three consumers in a market, then the market demand curve will be more _________ than each of the three individual demand curves.

• A) steep (slope will be more negative)
• B) elastic
• C) flat (slope will be less negative)
• D) inelastic
• E) both a and d

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Definitions:

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