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To predict how people will change their buying habits when prices change.
A market demand curve allows an economist to predict the total sales of an item at several different prices.
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Market demand curve?
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
Which market structure is the demand curve of the market represented by the demand curve of the firm?
oligopoly
How does a market demand curve differ from a demand curve How are they similar?
downward sloping
Is individual demand curve and market demand curve same for identical consumers?
NO
What is the shape of a market demand curve?
Usually market demand curves are downward sloping.
Market demand curve?
the market demand curve is the curve related to the demand of the commodity demanded by the group of people to the at different price.
Which market structure is the demand curve of the market represented by the demand curve of the firm?
oligopoly
Is individual demand curve and market demand curve same for identical consumers?
NO
How does a market demand curve differ from a demand curve How are they similar?
downward sloping
What is the shape of the market demand curve?
Usually market demand curves are downward sloping.
What is the shape of a market demand curve?
Usually market demand curves are downward sloping.
The demand curve any monopolist uses in making output decisions is?
the same as the market demand curve.
What are the limits of demand curve?
Demand curve is only Accurate for one very specific set of market condition.
When a product is in demand what happens to the demand curve?
the market demand for the product. undefined. more inelastic than the market demand for the product. more elastic than the market demand for the product
What does the market demand curve show?
It shows the demand for the product in relation to the price
What are the forces that cause the demand curve to change?
Supply is the main force that affects the demand curve to change in the economy or in a certain market.
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
