Economics (AS & A Level) · May / June 2021 · Paper 12 · Question 12
How would an economist establish the market demand curve for a private good?
- Aby adding consumer surplus to total expenditure
- Bby combining individual demand curves horizontally
- Cby combining the price elasticity of individual demands
- Dby multiplying price by quantity demanded
As printed in the paper
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Correct answer: B. by combining individual demand curves horizontally
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