If only three people are interested an buying a product, we could say that the market demand curve would have the exact same shape as an individual demand curve. sum of their demands would make up the market demand curve. demand for any one of the three individuals would represent an individual demand curve.

Question

If only three people are interested an buying a product, we could say that the market demand curve would have the exact same shape as an individual demand curve. sum of their demands would make up the market demand curve. demand for any one of the three individuals would represent an individual demand curve.

Answer 1

In this scenario, the correct statement is:The sum of their demands would make up the market demand curve.This means that the market demand curve is derived by horizontally summing the individual demand curves of all three people interested in buying the product. Each individual's demand curve represents their willingness to purchase the product at various prices, and the market demand curve reflects the total quantity demanded by all individuals at each price level.

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