In the construction of the market demand curve shown in Figure 3.12, why is a horizontal line

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In the construction of the market demand curve shown in Figure 3.12, why is a horizontal line drawn at the prevailing price P*x? What does this assume about the price facing each person? How are people assumed to react to this price?
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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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