The bandwagon effect tends to make the market demand curve flatter than the horizontal summation of individual demand curves.

Name: The bandwagon effect tends to make the market demand curve flatter than the horizontal summation of individual demand curves.
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Question

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The bandwagon effect occurs when the demand for a good increases as more people buy it, which can make the market demand curve flatter as it reflects increased demand at each price level compared to individual demand curves.

The Bandwagon Effect Tends to Make the Market Demand Curve