Economics · Oct / Nov 2022 · Paper 13 · Question 5
2281Demand
The diagrams show the demand curves for the only two buyers in a market. What will be the shape of the market demand curve for the good?
- Aprice-quantity diagram: downward sloping straight line from price axis to quantity axis
- Bprice-quantity diagram: downward sloping line that becomes horizontal at a constant price
- Cprice-quantity diagram: downward sloping line that becomes steeper partway along
- Dprice-quantity diagram: downward sloping line that becomes less steep partway along
As printed in the paper
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Correct answer: C. price-quantity diagram: downward sloping line that becomes steeper partway along
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