Multiple Choice Questions on Which of the following curves represents the demand of all consumers in the market taken together at........... for General Studies (Level 1) Preparation

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Multiple Choice Questions

Which of the following curves represents the demand of all consumers in the market taken together at...........

Indian Economy (Easy) Financial System
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    Which of the following curves represents the demand of all consumers in the market taken together at different levels of the price of the good?

    Monotonic

    Incorrect Answer

    Indifferent

    Incorrect Answer

    Market demand

    Correct Answer

    Diminishing

    Incorrect Answer
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    Explanation:

    The market demand curve is the summation of all the individual demand curves in a given market. It shows the quantity demanded of the good by all individuals at varying price points.

    By: Gagandeep Singh
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