To Find the Market Demand Curve for In-Line Skates,we Must

question 327

Multiple Choice

To find the market demand curve for in-line skates,we must

• A) add the quantities demanded at every price and every income by every buyer of in-line skates.
• B) add the quantities demanded at prices that all buyers can afford to pay.
• C) sum horizontally the individual demand curves of all the buyers.
• D) take account of the skate buying plans of all actual and potential buyers in all possible situations.
• E) None of the above answers is correct because we need also to take account of the supply of in-line skates.

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Definitions:

Weathering

Physical disintegration and chemical decomposition of rocks, sediment, and soil due to exposure to water and other chemical, atmospheric, and biological agents.

Sediment

Particles of rock, minerals, or organic materials that have been transported and deposited by water, wind, ice, or gravity.

Deposited

The process by which sediments, soil, and rocks are added to a landform or land mass, typically through the action of wind, water, or ice.

Hydrothermal Rock

Rock formed by the alteration of pre-existing rock through the action of hydrothermal fluids at high temperatures and pressures.