The condition when the individual demand function can be aggregated to generate the aggregate demand function
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1 mark, −0.33MicroeconomicsDemand theory and elasticityProperties of demand and aggregationHardabout 1 min
UoH 2010 Question 42: Demand theory and elasticity
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Demand theory and elasticity has come up 161 times in 7 exams since 2004.
What this question tests
This question is on Properties of demand and aggregation, part of Demand theory and elasticity in Microeconomics.
Homogeneity and adding-up of demand, and when individual demands combine into market demand.
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