The statement "everyone's individual demand for a particular good or service can be represented by the same demand curve " is false. Option B
This is further explained below.
<h3>What is
the demand curve?</h3>
Generally, In the field of economics, a demand curve is a graph that illustrates the relationship between the price of a particular commodity and the quantity of that commodity that is demanded at that price. Specifically, the graph shows how the quantity of a commodity is affected by the price of the commodity.
Demand curves may be used to analyze the price-quantity connection for a single customer, or they can be used to analyze the relationship for all consumers in a certain market.
In conclusion, It is a fallacy to assert that "everyone's individual need for a given commodity or service can be represented by the same demand curve."
Read more about Demand curves
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Complete Question
Everyone's indiviaual demand for a particular good or service can be represented by the same demand curve
True or false
Answer:
d=.5
Step-by-step explanation:
Subtract 1/3 from 5/6 and you will get your answer which is .5
Well, we need to find the area of the cake. 22.5 times 10 is 225. That is the area then we need to find the area of each piece of cake. 2.5 times 2.5 is 6.26.
so divide the area of the cake by the area of each piece to find how many pieces can be cut.
225/6.25=36 36 pieces of cake can be cut from the cake
Answer:
Step-by-step explanation:
1 and half hour
= 60 minutes+ 30 minutes
= 90 minutes
Now,
Uzanne need 15 minutes to do 10 problems
Uzanne need 1 minute to complete 10/15 problems
Uzanne need 90 minutes to do
= (10/15)*90
=(2/3)*90
=2*30
=60 problems