It is possible to sum individual demand curves to get the market demand curve only when all consumers are exactly alike in their demands.

Question

Quizplus · Accepted Answer

The statement is false. Individual demand curves cannot always be summed to obtain the market demand curve. This is because every individual has their own unique wants, needs, preferences, budgets, etc. which can affect their demand for a product. Therefore, when individuals have different demand curves, they cannot be simply added up to create a market demand curve.

It Is Possible to Sum Individual Demand Curves to Get