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Assume That the Market Demand Curve for a Good Is

Question 38

Multiple Choice

Assume that the market demand curve for a good is constructed from a hundred identical individual demand curves.Using the same scale on the graph,the slope of the market demand curve will be _____ and its price elasticity _____ that of the individual demand curves.


A) steeper;equal to
B) steeper;more than
C) flatter;equal to
D) flatter;more than

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