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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
The demand curve any monopolist uses in making output decisions is?
the same as the market demand curve.
Which market structures has a kinked demand curve in economics?
oligopoly
Why does an economist create a market demand curve?
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.
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 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.
What does the market demand curve show?
It shows the demand for the product in relation to the price
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
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
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.
Which market structures has a kinked demand curve in economics?
oligopoly
