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Market Demand: Method of Calculation

APMICR-XNVIHE

Which of the following statements is TRUE?

A

Market demand is a horizontal summation of individual demand curves for public goods.

B

Market demand is a horizontal and vertical summation of individual demand curves for private goods.

C

Market demand is a horizontal summation of individual demand curves for private goods.

D

Market demand for both public and private goods is calculated by doing a vertical summation of individual demand curves.

E

Market demand for both public and private goods is calculated by doing a horizontal summation of individual demand curves.