Answer to Question #320595 in Macroeconomics for Rose

Question #320595

Explain what the income consumption curve is in terms of individual and


market demand.

1
Expert's answer
2022-04-04T09:16:35-0400

Other things being constant, an individual demand curve showcases the relationship between quantity demanded by a single consumer, as we change the price. Conversely, the market demand curve indicates the relationship between the total quantity demanded and the market price of the goods.


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