There Are Five Hundred Buyers in the Market for Cheese

question 309

Multiple Choice

There are five hundred buyers in the market for cheese.If we know each individual's demand curves,to find the market demand,we must

• A) add the prices that each buyer will pay at every quantity.
• B) add the quantities that each buyer will purchase at every price.
• C) multiply the price times quantity for each buyer and then add the resulting products together.
• D) average the price each buyer is willing to pay for each given quantity.
• E) give up because there is no way to find the market demand.

---

Definitions:

Contact Zone

A geographical area where two or more distinct populations meet and interact, leading to various biological and cultural exchanges.

Gene Flow

The transfer of genetic material from one population to another, increasing genetic diversity.

Gene Flow

The transfer of genetic variation from one population to another, which often leads to changes in the genetic composition of the receiving population.