How is the market demand schedule derived from individual demand schedules? How does the market demand curve differ from an individual demand curve?

How is the market demand schedule derived from individual demand schedules? How does the market demand curve differ from an individual demand curve?

 

 

Answer:

Market demand schedule is the summation of all individual demand schedule.

The market demand curve shows the total quantity demanded by all consumers at different price, keeping other factors such as income and the prices of other goods as constant. Graphically, the market demand curve is the horizontal sum of theindividual demand curves.

Asked on February 13, 2018 in economics.
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