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A demand curve reflects each of the following except the:

a. the willingness to pay for all buyers in the market. 

b. value each buyer in the market places on the good.

c. highest price buyers are willing for each quantity. 

d. ability of buyers to obtain the quantity they desire. 

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Alice Sejake
Alice SejakeLv10
26 Mar 2021
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Related questions

Each point on a supply curve represents?

a. The highest per-unit price sellers can get for each unit over time.
b. The highest per-unit price buyers will pay for the good.
c. The lowest per-unit price buyers will accept per unit of the good.
d. The lowest per-unit price for which a supplier is willing and able to sell a particular quantity.

Efficiency in a market is achieved when

a. social planner intervenes and sets the quantity of output after evaluating buyers willingness to pay and sellers' costs

b. the sum of producer surplus and consumer surplus is maximized

c. all firms are producing the good at the same low cost per unit.

d. no buyer is willing to pay more than the equilibrium price for any unit of the good.

In order to derive a market demand curve from individuals' demand curves, we add up the:

a. incomes of all buyers, assuming that their tastes remain constant.
b. various prices that each buyer is willing and able to pay.
c. total number of buyers in the market at each time period.
d. various individuals' quantities demanded at each price level.
 
 

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