Even If All Individual Demand Curves Are Downwardly Sloped, the Market

question 48

True/False

Even if all individual demand curves are downwardly sloped, the market demand curve may slope upward.

---

Definitions:

Shakers

Religious sect founded by Mother Ann Lee in England. The United Society of Believers in Christ’s Second Appearing settled in Watervliet, New York, in 1774, and subsequently established eighteen additional communes in the Northeast, Indiana, and Kentucky.

Complex Marriage

A form of marriage involving multiple partners, where all members are considered married to each other, rejecting traditional monogamy.

Spiritual Equality

The belief that all individuals possess the same spiritual value and rights regardless of their background, religion, or social status.

Utopian Communities

Ideal communities that offered innovative social and economic relationships to those who were interested in achieving salvation.