Economists refer to the process of adding up the individual demand curves to find the market demand curve as aggregation. This process consists of fixing the price of the good and adding up the quantity demanded by each buyer.

Economists refer to the process of adding up the individual demand curves to find the market demand curve as aggregation. This process consists of fixing the price of the good and adding up the quantity demanded by each buyer.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 1QP

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Economists refer to the process of adding up the individual demand curves to find the market demand curve as aggregation. This process
consists of fixing the price of the good and adding up the quantity demanded by each buyer.
True
False

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