We Can Derive a Market Demand Curve for an Item

question 17

Multiple Choice

We can derive a market demand curve for an item by:

• A)multiplying each individual's demand curve by the number of consumers in the marketplace.
• B)summing all of the quantities that would be demanded by individual consumers at different prices for that good and plotting the total quantities against price.
• C)looking at how the equilibrium changes when we shift each individual's supply curve.
• D)subtracting the price of an item from the supply curve.

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Definitions:

Congressional Medal

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First World War

A global conflict that lasted from 1914 to 1918, involving many of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Central Powers.

Ninety-Second Division

An infantry division of the United States Army that was composed entirely of African American soldiers during World War I.