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Question
c. how is a market demand curve derived from individual demand curves? calculate the average quantity demanded among all consumers. add up quantities demanded by all individual consumers for each price. use the largest quantity demanded among all consumers for each price. add up prices paid for each unit demanded by individuals.
The market demand curve represents the total quantity of a good all consumers in a market want to buy at each price. It is found by horizontally summing individual demand curves, which means adding the quantities each consumer demands at every given price point.
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Add up quantities demanded by all individual consumers for each price.