Which statement is TRUE? Group of answer choices If there are no congestion or network effects, changes in preferences affect the market demand curve but not individual demand curves. If there are no congestion or network effects, changes in income affect the market demand curve but not individual demand curves. If there are no congestion or network effects, changes in the number of buyers affect the market demand curve but not individual demand curves. If there are no congestion or network effects, changes in the prices of related goods affect the market demand curve but not individual demand curves.

Which statement is TRUE? Group of answer choices If there are no congestion or network effects, changes in preferences affect the market demand curve but not individual demand curves. If there are no congestion or network effects, changes in income affect the market demand curve but not individual demand curves. If there are no congestion or network effects, changes in the number of buyers affect the market demand curve but not individual demand curves. If there are no congestion or network effects, changes in the prices of related goods affect the market demand curve but not individual demand curves.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 1SQ

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Which statement is TRUE? Group of answer choices

If there are no congestion or network effects, changes in preferences affect the market demand curve but not individual demand curves.

If there are no congestion or network effects, changes in income affect the market demand curve but not individual demand curves.

If there are no congestion or network effects, changes in the number of buyers affect the market demand curve but not individual demand curves.

If there are no congestion or network effects, changes in the prices of related goods affect the market demand curve but not individual demand curves.

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