New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The ________ curve illustrates the combined demand of

    all consumers in the market at various price levels for a specific good. 
    A Monotonic Correct Answer Incorrect Answer
    B Indifferent Correct Answer Incorrect Answer
    C Market demand Correct Answer Incorrect Answer
    D Diminishing Correct Answer Incorrect Answer

    Solution

    The market demand curve is derived by summing up the individual demand curves of all consumers in a given market. It shows the total quantity demanded for a good at different price levels.

    Practice Next

    Relevant for Exams: