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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 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.
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 a market demand curve?
Usually market demand curves are downward sloping.
What is the shape of the 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.
If the demand curve shifts to the right, how does this impact the market equilibrium"?
When the demand curve shifts to the right, it indicates an increase in demand for the product. This leads to a higher equilibrium price and quantity in the market.
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
How does market demand curve differ from a regular demand curve?
The market demand curve represents the total quantity of a good or service demanded by all consumers in a market at various price levels, aggregating individual demand curves. In contrast, a regular demand curve typically reflects the quantity demanded by a single consumer. While both curves slope downward, indicating an inverse relationship between price and quantity demanded, the market demand curve captures broader consumer behavior and preferences across the entire market, rather than just one individual's choices.
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.
