How is a market demand curve constructed?
How is a market demand curve constructed? At each price point, you add the quantity demanded by everyone in the market at that price. For example, at $4.50, Jill’s quantity demanded is 18 and Jack’s 12. Therefore, the market quantity demand at $4.50 is 30 lattes. Do this summation for every price point and you … Continue reading How is a market demand curve constructed?
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