The market demand curve for a resource is the
A)horizontal sum of the demand curves for that resource in all its various uses
B)difference among the demand curves for that resource in all its various uses
C)demand for that resource in its best use
D)sum of the demand curves for that resource in its best two uses
E)vertical sum of the demand curve for that resource in all its various uses

Question

Quizplus · Accepted Answer

The market demand curve for a resource is the horizontal sum of the demand curves for that resource in all its various uses. This means that it represents the total quantity of the resource demanded at each price, taking into account all the different ways in which the resource can be used.

The Market Demand Curve for a Resource Is the