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Q.

The sum of all individual demand curves in a market represents:

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a

Market demand curve

b

Individual supply curve

c

Production possibilities curve

d

Marginal rate of substitution

answer is A.

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Detailed Solution

The sum of all individual demand curves in a market represents the market demand curve. A market demand curve is the summation of the individual demand curves in a given market. It shows the quantity of a good demanded by all individuals at varying price points.

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