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The demand schedule can be expressed as a table of price and quantity data, a series of equations, or in a downward sloping graph.  To this point, our discussion has focused on individuals and their behavior. suppose that at least a significant majority of consumers are rational, it is a simple matter to obtain a market demand curve.  One requires only to sum all of the quantities demanded by individuals at every price to obtain the market demand curve.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9621352

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